ANNOUNCED AS TEMPORARYNo
FDI: Treatment and operations, nes
Effective 16 November 2009, Thailand's Board of Investment, as per Announcement No. Sor 1/2553, introduced the condition that in order to obtain incentives for investments in "Plant propagation & development" for plants indigenous to Thailand such as rice, orchids, fruits and herbs, the project must require not less than 51% ownership by Thai nationals.
According to the Announcement, the measure was implemented to protect Thai entrepreneurs from foreign investments under the ASEAN Comprehensive Investment Agreement.
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