Thailand confident in benefiting greatly from the hosting of WEF on East Asia

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BANGKOK, 19 May 2012 – The government is confident that Thailand’s hosting of the World Economic Forum in Bangkok will add more economic opportunities for the country and the entire Asian region. 

Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong said on Friday that Thailand’s hosting of the World Economic Forum (WEF) on East Asia from May 30th to June 1st will help boost foreign confidence in the country’s economy, society and politics.

Mr. Kittiratt said that the upcoming international gathering is a continuation of the meeting in Davos, Switzerland and will discuss a number of issues, including the handling of risks in Asia and regional connectivity, which are believed to help strengthen both Thai and Asian economies.

He added that the meeting will also raise the issue of economic problems and debt crisis in Europe.

According to Mr. Kittiratt, 4 leaders have confirmed their participation. They are Indonesian President Susilo Bambang Yudhoyono, Myanmar President Thein Sein and the prime minister of Laos as well as the prime minister of Bahrain.

Moreover, senior representatives from leading international organizations, such as the World Trade Organization, UNCTAD and the IMF will also join the 3-day meeting.

The Deputy PM stated that around 700 participants from the private and the business sectors will be in Bangkok for the gathering, which will be officially opened by Prime Minister Yingluck Shinawatra on May 31st.