Thailand host an event on inclusive investments and global value chains
The training equipped Thai policymakers with tools to facilitate VGC analysis and articulate policies that can help drive investments in specific industries and support local firms participating in the global economy.UNIDO | Updated: 08-07-2018 17:26 IST | Created: 08-07-2018 17:18 IST
Thai policymakers participated in a week-long training on inclusive investments and global value chains (GVCs). They explored the opportunities and challenges for small- and medium-sized enterprises (SMEs) to reap the benefits from Thailand's increasing participation in global trade and investment flows. The event was organized by the Ministry of Industry's Department of Industrial Promotion (DIP) and the United Nations Industrial Development Organization (UNIDO) from 2-6 July 2018 in Bangkok, Thailand.
The training equipped Thai policymakers with tools to facilitate VGC analysis and articulate policies that can help drive investments in specific industries and support local firms participating in the global economy. It was delivered by UNIDO experts in collaboration with the Organisation for Economic Co-operation and Development (OECD) and in partnership with the Chulalongkorn University, Thailand.
Drawing upon policy and academic research, the participants delved into different concepts, methods, and tools to analyze GVCs and assess potential opportunities for firms and clusters. These included, among others, the mapping of GVCs to identify their main segments and how they are geographically dispersed around the world. By examining the role of leading firms and countries within GVCs, the participants also learned about key requirements for enhancing competitiveness and for upgrading into higher value segments of value chains.
The participants observed first-hand the operations of internationally operating firms through site visits to domestic SMEs in the Samut Prakarn Province, which have established themselves successfully in regional and global value chains. They also exchanged knowledge with entrepreneurs driving Thailand's participation in GVCs.
The training brought together policymakers from various agencies focusing on economic and industrial policies and investment promotion, including the National Economic and Social Development Board, the Office of Industrial Economics, the Industrial Estate Authority of Thailand, the Thailand Productivity Institute, the Federation of Thai Industries and the Thailand Chamber of Commerce. It ended with a full commitment from UNIDO and DIP to strengthen their collaboration and to jointly develop an integrated initiative for building capacity on investments and GVCs in Thailand and the Greater Mekong countries region.
The event was organized as part of the UNIDO-Thailand Strategic Cooperation Framework 2018-2021, which was signed by Thailand's Minister of Industry, Uttama Savayana, and UNIDO's Director General, LI Yong, at the 17th General Conference in Vienna, Austria.