FTI hopes to see new government act closely with private sector

4 May, 2011
(MCOT online news)

BANGKOK, May 4 – Thailand's prospective post-election government should collaborate closely with the private sector in driving the industrial sector for the sake of the country’s development, according to Federation of Thai Industries (FTI) Chairman Payungsak Chartsutipol.

Many political parties have prepared party policy statements for to the public in the expectation that the House will be dissolved and a new government will be formed soon.

He said the border tension between Thailand and Cambodia had begun to ease because both countries have attempted to resolve the dispute by peaceful means. Consequently, he did not expect the border conflict to escalate.

The FTI chief proposed the government postpone its deliberation of the auto excise tax restructuring if it thought the issue needed be considered with caution as it could affect the performance of the auto industry in both short and long terms.

Thai Chamber of Commerce (TCC) Chairman Dusit Nontanakorn said the organisation wanted Thailand's new government to enhance the country’s readiness to enter the ASEAN Economic Community in 2015.

TCC hoped the new government would forge closer cooperation with the private sector in enhancing border trade and addressing the reduction of trade barriers, he said.