Northeastern Economic Corridor Explained

Northeastern Economic Corridor
Settlement Type:Special Economic Zone
Blank Emblem Type:Emblem
Blank Emblem Size:150px
Subdivision Type:Country
Subdivision Name:Thailand
Subdivision Type1:Region
Subdivision Name1:Northeastern Thailand
Subdivision Type2:Provinces
Government Type:Special economic zone
Area Total Km2:45,742
Population Total:6,490,360
Population As Of:2021
Population Footnotes:[1]
Timezone:ICT
Utc Offset:+7

The Northeastern Economic Corridor (Abrv: NEEC – Bioeconomy Thai: ระเบียงเศรษฐกิจพิเศษภาคตะวันออกเฉียงเหนือ) is a special economic zone in Thailand that covers four provinces: Nakhon Ratchasima, Khon Kaen, Udon Thani, and Nong Khai. It is expected to serve as a new bio-industry base of the country, with modern technology implemented throughout the production chain.[2] The NEEC focuses on developing a bioeconomy, specifically in the cultivation and production of rice, tapioca, and sugar cane.[3] [4] [5]

History

The Northeastern Economic Corridor (NEEC) was approved as a special economic zone in May 2022 by the National Committee for the Development of Special Economic Zones, which authorized the establishment of four new special economic corridors in an effort to stimulate the economy and decentralize income in Thailand. The NEEC comprises the provinces of Nakhon Ratchasima, Khon Kaen, Udon Thani, and Nong Khai.[5] The cabinet acknowledged and approved the identification of the NEEC as a special economic zone during a meeting on September 20, 2022.[6]

See also

Notes and References

  1. Web site: Demography Population and Housing Branch. National Statistical Office (NSO). February 20, 2023.
  2. Web site: ครม. เห็นชอบการกำหนดพื้นที่ระเบียงเศรษฐกิจพิเศษ 4 ภาค. th. September 26, 2022.
  3. News: State preps perks for new economic corridors. May 17, 2022. Bangkok Post.
  4. News: New regional zones approved by panel. Bangkok Post. May 6, 2022. Chatrudee Theparat.
  5. Web site: Thai Govt Approves Establishment of Four SEZs. May 6, 2022. National News Bureau Of Thailand.
  6. Web site: Cabinet Meeting Synopsis - Sep 20, 2022. ryt9. March 8, 2023. September 20, 2022.