Tag: thailand foreign business act

Proposed Foreign Business Act Amendments in Thailand

The headlines in Thai business news have been dominated recently by the new government’s proposals to reform the Foreign Business Act of 1999. However, rather than to liberalize business, the proposals are expected to make the law even stricter. This has caused much concern in the foreign business community whose members have voiced their opinions […]

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ASEAN Comprehensive Investment Agreement

On 26 February 2009, the economic ministers of the ten ASEAN member States signed the ASEAN Comprehensive Investment Agreement (the “ACIA”), which liberalized trade within ASEAN in the following fields: Agriculture Fishery Forestry Mining Manufacturing   Pursuant to the terms of the ACIA, ASEAN nationals are able to operate foreign majority-owned firms in Thailand by […]

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