Liu Jong-min (center) and Narong Sirilertworakul (right third), photo courtesy of ITRI
Liu Jong-min (center) and Narong Sirilertworakul (right third), photo courtesy of ITRI
Taipei, June 3 (CNA) Taiwan's Industrial Technology Research Institute (ITRI) and Thailand's National Science and Technology Development Agency (NSTDA) have signed a memorandum of understanding (MOU) on cooperation, allowing them to cooperate on innovative applications, according to a statement issued by the ITRI.
The signing ceremony was held June 1 in Thailand, in which ITRI President Liu Jonq-min and Executive Vice President Chang Pei-zen, and NSTDA President Narong Sirilertworakul and Executive Vice President Werasak Udomkichdecha signed the documents on behalf of their respective parties.
ITRI Chairman Wu Tsung-tsong and Thailand's Science and Technology Vice Minister Pornchai Tarkulwaranont were also present at the ceremony to witness the signing of the MOU.
It will pave the way for Taiwanese companies to participate in the creation of an innovation-oriented economic corridor in eastern Thailand and will realize the Taiwan government's efforts to encourage cooperation with target countries under its New Southbound Policy, the statement said.
Thailand has been promoting a large-scale economic reform plan called "Thailand 4.0," with the strategy focusing on the digital, biotech, and innovation fields, it noted, adding that the most important part of the policy initiative is the promotion of the country's Eastern Economic Corridor, which will be realized at a cost of 1.5 trillion Thai baht (US$44 billion).
The goal is to turn the eastern part of Thailand into the most advanced economic development center in the Association of Southeast Asian Nations (ASEAN), and a hub and corridor from which Thai products can enter Myanmar and Cambodia, it said.
In the future, the two parties will serve as intermediaries in assisting the governments of each side and tapping into the needs of the private sector, while closely monitoring technology-related development trends. They will also support each other with their respective expertise in science and technology, it added.
