Friday, November 27, 2009

[Thai] Foreign Ministry shifts role

27/11/2009
By Charoen Kittikanya
Bangkok Post

The Foreign Ministry plans to use "financial diplomacy" to expand trade and relations with neighbouring countries, a senior official says.
Financial diplomacy will work in tandem with other modes of support such as soft loans, infrastructure investment and joint ventures, to foster closer economic co-operation with and provide more focused assistance to neighbouring countries, said Panich Vikitsreth, vice-minister of Foreign Affairs.
"We are looking forward to extending co-operation with and provide assistance to authorities of neighbouring countries particularly for Laos, Cambodia and Burma to develop their capital market to help shape up their economy," said the former deputy Bangkok governor and co-founder of Ayudhya JF Asset Management Co.

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