Thailand plans 'relocation package' to draw foreign investment amid trade war

BANGKOK - Thailand is planning a"relocation package" to attract foreign companies which are looking to move factories because of global trade tensions, officials said on Thursday , as the government tries to boost a slowing economy.

The package - to be discussed by economic ministers on Aug 30 - will target investors from China, Japan, South Korea, Taiwan and the United States, Deputy Prime Minister Somkid Jatusripitak told a news briefing. The investment promotion agency is aiming to attract 100 companies, mostly Chinese firms, to invest in Thailand, said Ms Duangjai Asawachintachit, head of the Board of Investment .

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