Japan to help development of Thai steel industry
According to information gathered from
Thailand Iron and Steel Institute, Japanese government is supporting
Thailand's long-term development program for its steel industry with the purpose of protecting the industry against steel shortages in the future.
Thailand is currently working on a plan which will prevent steel industry from shortages and decrease dependency on imports. Moreover, the government is planning to expand capacity of the mills and support
investments with respect to steel industry at the initial stages.
Japanese government will provide
Thailand with technical support, furthermore a course, including cost-cutting plans and steel industry standardization will be provided for Thai authorities.
Meanwhile,
Thailand government demanded Japanese government to increase imports from
Thailand under the scope of Free Trade Agreement, with the purpose of reducing trade deficit of
Thailand.