Veerathai Santiprabhob: Moving Thailand towards a new business and financial landscape

Speech by Dr Veerathai Santiprabhob, Governor of the Bank of Thailand, at the European Association for Business and Commerce (EABC) Dinner Event, Bangkok, 23 January 2017.

Your Excellencies, EU Ambassador Jesus Miguel Sanz,

Ambassadors of EU Member States,

EABC President, Mr. Rolf-Dieter Daniel,

Distinguished Guests,

Ladies and Gentlemen,

A very good evening.

It is a great honor for me to be here this evening and I would like to thank the European Association for Business and Commerce (EABC) for the warm welcoming arrangement of this event. I am very delighted to address this prestigious group of audience including ambassadors and leading businesspersons, among which many are Thailand's beloved and longtime friends. I would also like to acknowledge the EABC Board of Directors and the President, Mr. Rolf-Dieter Daniel, for ongoing efforts and hard work to improve Thailand-EU economic relationship. I hope this dinner has provided opportunity for all of us to exchange ideas and share perspectives. For myself, there is much to learn from the business community and I am grateful for all the feedbacks I received. Business partnership with foreign investors has always been important to Thailand's economy. In fact, not only has Thailand gained much benefits from international trades and investments, including ones with the European Union (EU), we also have benefited from the "needs" to meet standards and requirements set by the international community. These reform efforts might result in short term setback, but will certainly result in long term gains that promote sustainability and further enhance our competitiveness and business partnership with foreign partners.