Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Japan PM agrees defence deal with Thailand

Economy May 02, 2022 09:42AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
5/5 © Reuters. Japan's Prime Minister Fumio Kishida reviews an honour guard as he meets with his Thai counterpart Prayuth Chan-ocha during his official visit to Thailand, in Bangkok, Thailand May 2, 2022. REUTERS/Soe Zeya Tun 2/5

By Panu Wongcha-um

BANGKOK (Reuters) -The leaders of Japan and Thailand announced a new defence agreement on Monday as well as plans to upgrade their economic relations, as Japanese Prime Minister Fumio Kishida wrapped up the last leg of a three-nation tour of Southeast Asia.

The agreement would facilitate the transfer of defence hardware and technology from Japan to Thailand, which has one of the region's biggest and most equipped armies and a long history of ties with the United States military. Further details of the deal were not disclosed.

"This will help improve national defence and support investment from Japan in this activity which is an important goal for Thailand," Thai Prime Minister Prayuth Chan-ocha said in a joint statement read alongside Kishida.

Prayuth said he discussed improvements in supply chains and the drafting of a five-year economic partnership with Japan, Thailand's biggest investor.

Southeast Asia has for decades been an important region for Japan, hosting some of its biggest names in industry, from infrastructure, engineering and industrial zones to the manufacturing of vehicles and electronics.

The region remains a battleground between the United States, Japan's close ally, and rival China, Southeast Asia's biggest trade partner. On his three-day trip Kishida also visited Vietnam and Indonesia, where Japanese firms maintain a large presence.

As the leader of Asia's sole member of the Group of Seven (G7), Kishida discussed Russia's invasion of Ukraine during his trip to Southeast Asia, where only one nation - Singapore - has joined sanctions against Moscow. Russia calls its actions in Ukraine a "special operation".

Nine Southeast Asian countries backed a United Nations resolution in March condemning the invasion, however, and Kishida thanked Prayuth for Thailand's support.

"I agreed with Prime Minister Prayuth that in any region the violation of sovereignty and territorial integrity, or unilateral changes to the status quo with force, should not be tolerated," he said.

Noriyuki Shikata, Japan's Cabinet Secretary for Public Affairs, earlier on Monday told reporters that Tokyo would be extending a 50 billion yen ($385 million) loan to support Thailand's COVID mitigation efforts.

($1 = 129.9400 yen)

Japan PM agrees defence deal with Thailand
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email