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Glite Dictionary
🇪🇺 European group 🏭 Thai economic zone
EEC

EEC

7.4
A special area in eastern Thailand that attracts factories and investment
  • noun
  • Formal
translation icon : Corredor Económico Oriental
  • The Thai government launched the EEC to enhance economic growth in the eastern provinces.

Examples

  • Many businesses have relocated to the EEC to benefit from tax incentives and infrastructure improvements.

  • The EEC aims to attract foreign investment by developing modern industrial facilities.

  • EEC persons or companies were given 12.1 million JD.

    Academic text (1999)

Surface Forms

EEC singular
EECs plural

Etymology

EEC in Thailand stands for Eastern Economic Corridor, where eastern means the east of the country and corridor means 'a passage' or 'a special area'. The name shows it is a government plan and a zone to bring factories and investment, so EEC refers to that development area.