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Foreign direct investment in Southeast Asia: - Regional Office China

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Appendix II: Open<strong>in</strong>g Statement by the Secretary-General of Thai Board ofInvestmentMr. Satit SirirangkamanontDist<strong>in</strong>guished guests, ladies and gentlemen: it is my great honour to open and welcome you tothe united nations <strong>in</strong>dustrial development organization expert group meet<strong>in</strong>g on foreign <strong>direct</strong><strong><strong>in</strong>vestment</strong> <strong>in</strong> <strong>Southeast</strong> <strong>Asia</strong>. This conference, jo<strong>in</strong>tly implemented by UNIDO and theThailand board of <strong><strong>in</strong>vestment</strong>, will exam<strong>in</strong>e the experiences and future policy implications forattract<strong>in</strong>g FDI among develop<strong>in</strong>g countries.We are all aware that foreign <strong>direct</strong> <strong><strong>in</strong>vestment</strong> is one of the most crucial drivers of <strong>in</strong>dustrialdevelopment, competitive <strong>in</strong>dustrial performance, and the capacity to trade among develop<strong>in</strong>gcountries. <strong>in</strong> this challeng<strong>in</strong>g era of globalization, the nations of <strong>Southeast</strong> <strong>Asia</strong> have beenparticularly effective <strong>in</strong> compet<strong>in</strong>g for and attract<strong>in</strong>g FDI. The successful <strong>Asia</strong>n developmentexperience, and the central part played by FDI <strong>in</strong>-flows and their l<strong>in</strong>kages to domestic<strong><strong>in</strong>vestment</strong>, holds significant lessons for other develop<strong>in</strong>g regions. The <strong>Asia</strong>n experience willcont<strong>in</strong>ue to develop policy coherence that is well-attuned to prevail<strong>in</strong>g economic conditions andarticulated by policy-makers accord<strong>in</strong>g to local, regional, and global <strong><strong>in</strong>vestment</strong> dynamics.Therefore, the assumed outcomes of this EGM are as follows:First, to meet the needs of develop<strong>in</strong>g countries for improvement of national policy, strategiesand regulatory frameworks for <strong>in</strong>dustrial development promotion.Second, to build <strong>in</strong>stitutional capacities <strong>in</strong> develop<strong>in</strong>g countries with respect to mak<strong>in</strong>g availablestrategies for <strong>in</strong>tegrat<strong>in</strong>g their <strong>in</strong>dustrial sectors, through FDI, with global production networks.and, third, this EGM will create a global public good <strong>in</strong> the form of publication of itsdeliberations, conclusions and policy messages.While exam<strong>in</strong><strong>in</strong>g such specific themes as“<strong>Foreign</strong> <strong>direct</strong> <strong><strong>in</strong>vestment</strong> & mult<strong>in</strong>ational enterprises <strong>in</strong> <strong>Southeast</strong> <strong>Asia</strong>”“Intra-regional FDI, regional trade, and <strong><strong>in</strong>vestment</strong>”and,“Capital markets and FDI <strong>in</strong> <strong>Southeast</strong> <strong>Asia</strong>”.This EGM will most importantly provide a free-rang<strong>in</strong>g, specialized dialogue among experts andpolicy-makers on FDI-related matters and their effects on <strong>in</strong>dustrial development strategies.58

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