Thailand Proposes New Special Economic Zones in Northern and Northeastern Regions
Government considers establishing 20 new zones to boost regional economies beyond the Eastern Economic Corridor
The Thai government is evaluating a proposal to establish 20 new special economic development zones across the country's northern and northeastern regions.
The initiative, presented by a House of Representatives extraordinary committee, aims to enhance economic growth in areas distant from the existing Eastern Economic Corridor (EEC).
The proposal outlines the creation of 10 special economic zones in the northeastern provinces and another 10 in the northern provinces.
Tachaphol Kanjanakul, an advisor to the committee and former deputy secretary-general of the EEC Office, indicated that the draft plan would be submitted to Prime Minister Paetongtarn Shinawatra during a mobile cabinet meeting in Nakhon Phanom on April 28-29.
The EEC, encompassing parts of Chon Buri, Rayong, and Chachoengsao, has been a focal point for investment, particularly in 12 targeted S-curve industries such as next-generation vehicles and smart electronics.
However, some infrastructure projects within the EEC have experienced delays, affecting its overall contribution to the national economy.
The proposed expansion into the North and Northeast aims to distribute economic development more evenly across the country.
The northeastern region's proximity to neighboring countries presents opportunities for cross-border trade and investment.
Potential sectors for these new zones include agribusiness, logistics, healthcare and wellness, digital technology, and tourism.
If approved, the zones could attract investments totaling approximately 10 billion baht and generate employment opportunities for local communities.
This move aligns with the government's broader strategy to stimulate economic growth and reduce regional disparities by leveraging the unique strengths and strategic locations of various provinces.
The initiative, presented by a House of Representatives extraordinary committee, aims to enhance economic growth in areas distant from the existing Eastern Economic Corridor (EEC).
The proposal outlines the creation of 10 special economic zones in the northeastern provinces and another 10 in the northern provinces.
Tachaphol Kanjanakul, an advisor to the committee and former deputy secretary-general of the EEC Office, indicated that the draft plan would be submitted to Prime Minister Paetongtarn Shinawatra during a mobile cabinet meeting in Nakhon Phanom on April 28-29.
The EEC, encompassing parts of Chon Buri, Rayong, and Chachoengsao, has been a focal point for investment, particularly in 12 targeted S-curve industries such as next-generation vehicles and smart electronics.
However, some infrastructure projects within the EEC have experienced delays, affecting its overall contribution to the national economy.
The proposed expansion into the North and Northeast aims to distribute economic development more evenly across the country.
The northeastern region's proximity to neighboring countries presents opportunities for cross-border trade and investment.
Potential sectors for these new zones include agribusiness, logistics, healthcare and wellness, digital technology, and tourism.
If approved, the zones could attract investments totaling approximately 10 billion baht and generate employment opportunities for local communities.
This move aligns with the government's broader strategy to stimulate economic growth and reduce regional disparities by leveraging the unique strengths and strategic locations of various provinces.
