Japan ‘committed’ to setting up

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Japan is committed to establishing the Automotive Human Resources Development Institute in Thailand in exchange for zeroimport duty on 3000-litre vehicles under the Japan-Thailand Economic Partnership Agreement (JTEPA), Industry Minister Wannarat Charnnukul

said.

Japan’s Minister of Economy, Trade and Industry Yukio Edano yesterday said during a meeting with Wannarat that Japan would like the Thai government to accelerate projects for flood protection and assistance to foreign enterprises affected by the severe flooding last year.

Yesterday, Edano, Japan’s ambassador to Thailand Seiji Kojima as well as other leaders from Japan’s economic institute, including Japan External Trade Organisation chairman (Jetro) Hiroyuki Ishige, Jetro Bangkok president Setsuo Iuchi and Masakazu Kubota, senior managing director of Keidanren met Wannarat. They discussed updated information on the flood-protection system, assistance to foreign investors and economic cooperation.

Wannarat said Japan’s ministry of economy, trade and industry wanted the Thai government to review the agreement to cut import tax on 3000-litre vehicles from Japan to zero as Japan is conducting a feasibility study to set up the Automotive Human Resources Development Institute in Thailand. This was a condition set under the JTEPA if Japan wants Thailand to eliminate duty on 3000-litre vehicles. Japan’s ministry said it would finalise the feasibility study within one year.

Thailand has gradually…

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