BANGKOK 21 February 2014 Investments in the ASEAN region are said to bring more economic opportunities for Thailand.
The cooperation of the ASEAN nations will bring great opportunities to the region, as private sector businesses will be able to invest in the member countries with lower initial outlays than would otherwise have applied.
The integrated customs departments that would be set up in one place, will expedite the administrative processes in handling goods that are transferred between countries. Moreover, transportation costs will be lowered.
Business sectors that will benefit greatly from the ASEAN Economic Community (AEC) include the construction sector, the health services sector, and the consumer products sector — with Vietnam and the Philippines having substantial opportunities in all three sectors.
In regards to Thailand, business operators should make good use of the geographical advantage that the country possesses, benefiting goods transportation, alliances with local businesses to boost product sales and in turn opportunities for greater knowledge to expand internationally.