On february 1, 2018, the thai parliament approved the law for trade and investment in the eastern economic corridor eec. Rayong, chonburi and chachoengsao and in any other areas in the eastern part. Designated areas for the boi special package for eec. Land use regulation in the eastern economic corridor, dated 25 october 2017. Eec inclusivity integrated plan and budget fund for local development eastern economic corridor act b. Investment in 10 targeted industries in eec has been progressed.
Eec area development 3 eastern provinces of great connectivity clmv asean one belt one road physical infrastructure digital infrastructure upgrade 5 first scurves add 5 second scurves tourism city. Eastern aviation specialized zone and 3 airports linked by high speed train utapao can accommodate 153060 million passengers. Whats in for thailand in the eastern economic corridor project. Eastern economic corridor eec workshop eastern economic.
Whats in for thailand in the eastern economic corridor. Jun 29, 2018 on february 1, 2018, the thai parliament approved the law for trade and investment in the eastern economic corridor eec. Eec builds on 30 successful years of eastern seaboard. Covestro sees the eec as a key to sustainable economic growth nichnavin chullabrahm. Attractive tax and nontax incentives are provided to investment in new scurve business in eec. A flagship project of the eastern economic corridor. Exploratory factor analysis and oneway anova are applied to group and classify these kpis. Kanit sangsubhan, the secretarygeneral of eastern economic corridor office highlights. Chaired by prime minister general prayut chanocha chaired by minister of industry, uttama savanayana headed by eec secretary general, kanit sangsubhan contact. The eastern economic corridor special development zone, or eec, aims to turn thailands major provinces to the immediate east of bangkok into a hub of hightech industries, innovation and logistics as well as a regional gateway for trade and investment. The eastern special development zone policy office esdzpo is the governing body of the eastern economic corridor. Thailands eastern economic corridor what you need to. With over 20 years of experience, we are a language consultancy firm with a difference. Eastern economic corridor development project driving.
Pdf the eastern economic corridor, thailand researchgate. Eastern economic corridor eec the second key strategy comprises investments in the eec with an aim to create seamless transport and logistic systems linking roads, rails, sea routes and air transport in the eec and peripheral areas. The eec seeks to build on the success of, and to draw on the lessons learnt from. The eastern economic corridor officially the eastern special development zone esdz, is a. At the centre of the thailand governments move to industry 4. The first law of the eec is the eastern special development zone act. Eec policy committee chairperson, prime minister general prayut chanocha eec management committee chairperson, minister of industry, uttama savanayana eastern economic corridor office eec secretary general, kanit sangsubhan ministry of eastern economic corridor office eeco ministry of industry 756 rama vi road, ratchathewi. Industry focus eastern economic corridor eec kpmg thailand. The new law provides for over a hundred regulations amended or suspended to sweeten business incentives and revoke legal. The eec act sets out the rules and procedures for promoting, facilitating and granting certain special privileges to businesses in the eec area for development and enhancement of the economy and competitiveness of thailand.
The eec straddles three eastern provinces of thailand chonburi, rayong, and chachoengsao off the coast of the gulf of thailand and spans. Eastern economic corridor office eec secretary general, kanit sangsubhan ministry of eastern economic corridor office eeco ministry of industry 756 rama vi road, ratchathewi, bangkok 10400, thailand email. Kpmg eastern economic corridor center was created to facilitate businesses and key stakeholders in harnessing the growth and investment opportunities in thailand s eastern economic corridor eec initiative. The eastern economic corridor eec is a large scale development project where the thai government expects usd 50 bn worth of investments in the provinces rayong, chonburi, and chachoengsao in the next 5 years. The findings show that there are two main sustainable port kpi groups, namely, critical and preferable groups. It was established on 15 may 2019 by the eastern special development zone 2018 act and replaced the eastern economic corridor office. The eec office is the government agency responsible for the development of the eastern economic corridor eec in southeast thailand. The eec is located in the three eastern provinces around bangkok, namely rayong, chon buri and chachoengsao, with a combined area of more than. Jul 04, 2017 eec model mapping opportunity thailand seminar. The eastern economic corridor eec bill is the latest in a series of measures the junta is rolling out to spur investment in the thai economy, which the government projects to. Eastern economic corridor must continue bangkok post. On 8 th february 2018, the national legislative assembly passed the eastern economic corridor act b.
Eec is the best strategic location of the region 5 gateway to asia reaching more than half of worlds population. The eec project involves significant land acquisition resulting in the need to relocate villagers with. Eec management committee eastern economic corridor office eeco 1. Thailands eastern economic corridor opportunities for. Thailand must start six eec infrastructure projects this year. The eec straddles three eastern provinces of thailand chonburi, rayong, and chachoengsao off the coast of the gulf of. City growth and regeneration committee update on eastern.
Special economic promotion zone incentives taxvisawork permit and etc. Excellent hub for aircraft manufacturing and maintenance. Eec is intended to be further developed into a world class economic. Eastern economic corridor development project driving forward.
Through the perfect blend of translation technology and multilingual expertize, we provide the full spectrum of language solutions to facilitate high quality digital experiences. May 15, 2017 click to view 3 academic fears concession will lead to land grab in eastern economic corridor. The eastern seaboard has good potential for the project because of its readiness in terms of infrastructure, such as road and railway networks, as well as ports and industrial estates. Thailands eastern economic corridor thai version duration. The eec consists of the three eastern provinces rayong, chonburi, and chachoengsao with a combined area of,285 square kilometers.
The project will be one of the largest power plants in thailand and will help meet the projected growth and industrial transformation plans under the eastern economic corridor eec development plan. To support the eec development plan, substantial investment is needed in social and utility services such as schools, hospitals, water, and electricity. Eec act takes effect share following on from our recent alert, the act for the eastern special development zone commonly called the eastern economic corridor or eec was published in the royal gazette on 14 may 2018 and took effect on 15 may 2018. The goal is to make the eec aseans leading centre for trade, investment, and logistics. Thailands eastern economic corridor what you need to know.
This eastern economic corridor industry focus publication includes the key topics about the eec project from its overview to its major infrastructure projects, new investment incentives in the eec as well as incentive comparison of ecc and other asean nations. Following on from our recent alert, the act for the eastern special development zone commonly called the eastern economic corridor or eec was published in the royal gazette on 14 may 2018 and took effect on 15 may 2018. Eastern economic corridor office of thailand clear working process eiapppurban planning oss and etc. Collectively, these provinces occupy an area of,266 km. In building the full potential for the successful establishment of the eastern. The eastern economic corridor eec development plan under scheme of thailand 4. Mizuho signs a memorandum of understanding mou for business. The eec is designed to attract new industries while also upgrading existing clusters such as automotive, electronics, and petrochemicals. February 26, 2018 click to view 2 thailands eec to be linked with chinas one belt, one road initiative. Kpmg eastern economic corridor center kpmg thailand. Kpmg eastern economic corridor center was created to facilitate businesses and key stakeholders in harnessing the growth and investment opportunities in thailands eastern economic corridor eec initiative comprising of kpmgs experts across all sectors of investments, and pulling from kpmgs global wealth of knowledge, the kpmg eastern economic corridor. The eastern economic corridor special development zone, or eec, aims to turn.
Eec news mainpage news eec eastern economic corridor. T he eastern economic corridor eec, covering the rayong, chonburi, and chachoengsao provinces, is part of the thai governments areabased development policy and is intended to implement the thailand 4. Eec secretary general eastern economic corridor office eeco ministry of industry 756 rama vi road. Land use regulation in the eastern economic corridor, dated 25. Last year, the eec generated over 100 billion baht from outside investment. Over the past 30 years, these three provinces have been developed to support the fast.
Almost not a day goes past without the eastern economic corridor eec being in the thailand news. Jan 07, 2020 the eastern economic corridor eec continues to attract more investors. It is an independent public agency, reporting directly to the prime minister. Somkid jatusripitak, has instructed the eastern economic corridor policy committee eecpc to ensure that six key infrastructure projects in the region begin this year. The eastern economic corridor eec is a large scale development project where the thai government expects. Members will recall the update provided on the eastern economic corridor eec at the city growth and regeneration committee meeting on 12 september 2018. Eec is intended to be further developed into a world class economic zone and elevated. Jan 22, 2019 alibaba founder jack ma, left, meets with thailands prime minister prayuth chanocha in bangkok on april 19, 2018 during a visit to the country to announce the groups investment in the thai governments eastern economic corridor eec scheme.
Digital park economic impact new scurve industry 1 increasing gdp. Eec is the enhancement of the former eastern seaboard esb development program that had supported thailand as a powerhouse for industrial production in thailand for over 30 years. Thailand strives to link bri with its eastern economic corridor. The eastern economic corridor eec development plan, under the scheme of thailand 4. The report provided an update on the work currently being undertaken by the economic development team to increase collaborations with dublin, and opportunities to support economic cooperation and. Dec 31, 2017 almost not a day goes past without the eastern economic corridor eec being in the thailand news. The proposed eastern economic corridor of india would originate from paradip port in odisha province, pass through jharkhand province, could possibly have an auxiliary loop through chhattisgarh province, and would terminate at the integrated check post icp, raxaul in bihar province on the indianepal border. Pdf this article is written with the purpose to critically study the implementation of sufficiency economy philosophy in eastern economic. Kpmg eastern economic corridor center factsheet author. A strong foundation for stronger future already home of worlds famous manufacturers and tourist destinations already base of thailands energy and fundamental industries 5 oil refineries. Three strategies for thailands economic transformation. Utapao airport and eastern airport city development pdf. To keep the momentum going, the deputy prime minister, dr. Measures to enhance efficiency in development of the eastern economic corridor, dated 26 may 2017.
With the eec, thailand hopes to develop its eastern provinces into a leading asean economic zone. Eec will represent the largest investment projects in asean. Chachoengsao, chonburi and rayong provinces have been designated for the development of the eastern economic corridor eec, a pilot project for the economic development of thailands eastern seaboard. Promoted zones for specific industries announced by eec.
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