NEW YORK, Sept. 29, 2016 /PRNewswire-USNewswire/ -- The Business Council for International Understanding held a CEO roundtable in New York with Prime Minister Prayut Chan-o-cha who outlined opportunities in the country as it transforms from a trade-based economy to a technology and innovation-based one, the backbone of the Prime Minister's "Thailand 4.0" initiative.
"Our government has laid out a master plan to usher in a new generation of development for Thailand that will enable us to escape the middle-income trap of the past decade and thrive into the 21st century," said Prime Minister Prayut at the event. "As we transition from a heavy industry and exports-based economy to a research, development and innovation-based one, we will be able to offer higher-value services to the global community and emerge as a vibrant, diversified player. For global businesses with expanding operations into growing, high-potential economies, Thailand offers robust opportunities across numerous sectors including business, education, science, technology, engineering, health and more."
"The Prime Minister was forthright in inviting investors to explore Thailand under his government's 4.0 strategy, and thanked Goodyear and others in attendance for their presence, some which spanned several decades, including our co-chairs of the forum, Citi and AIG," said Peter Tichansky, President of BCIU. "We were impressed with his specificity as he discussed plans to improve trade facilitation and the ease of doing business."
As part of its mandate to promote international understanding between businesses and governments across the globe, BCIU holds 200 programs annually including roundtable dialogues, conferences, receptions, tours and trade missions. Roundtable dialogues are typically comprised of 20 senior-level executives and are informal, off-the-record meetings with government officials that are critical to commercial and trade issues.
The roundtable discussion took place on Sept. 22, 2016 at the prestigious Plaza Athénée in New York.
About the Business Council for International Understanding
Sixty years ago, BCIU was formed at the White House Industrial Cooperation Council Conference on Nov. 10, 1955, under the leadership of President Eisenhower, as a "people-to-people" initiative. BCIU encourages international understanding by bringing together senior government officials and business leaders on issues of common concern by facilitating public-private partnerships globally, and by assisting with problem solving in turbulent situations and markets. BCIU also conducts commercial diplomacy training courses for U.S. Government personnel. For more information visit www.bciu.org.
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SOURCE Business Council for International Understanding