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International relations

Thai ministers seek tech, investments from Japan

Japanese companies think Thailand could sweeten the pot a bit

Participants at a symposium to promote Thailand's industrial plan take the stage in Tokyo on June 7. (Courtesy of JETRO)

TOKYO -- With his country's economy "at a critical juncture," Deputy Prime Minister Somkid Jatusripitak and three other Thai ministers had a tall order to fill here on Wednesday: Convince Japan Inc., already Thailand's largest source of foreign direct investment, to put even more money into the country.

Thailand's economy was booming not so long ago. But today it is struggling to escape the middle-income trap. Under the moniker of Thailand 4.0, the country is seeking to pivot away from labor-intensive industries and toward high value added sectors.

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