ANNOUNCEMENT 16 Nov 2009
In November 2009, the government of Thailand announced altered domestic business conditions for foreign investors.NUMBER OF INTERVENTIONS
1
SOURCE
Official announcement
http://www.boi.go.th/english/download/law_regulations/678/Sor1_2553.pdf
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
AFFECTED PRODUCTS