ANNOUNCEMENT 16 Nov 2009

In November 2009, the government of Thailand announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Official announcement

http://www.boi.go.th/english/download/law_regulations/678/Sor1_2553.pdf


Inception date: 16 Nov 2009 | Removal date: open ended

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.
 
 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A