Improvement of Business Environment under the current

Report
Improvement of Business
Environment under the current
Government and New Investment
Policy in Thailand
Mr. Kitti Tangjitrmaneesakda
Secretary General
The Federation of Thai Industries1
Outline of Presentation
1. Issues relating to the business environment in
Thailand
2. Government measures in support of investment
promotion policy
2
Issues relating to business
environment in Thailand
- Promotion of FTAs (JTEPA, AJCEP)
- Customs Procedure (e.g. transparency, customs
operation, laws and regulations)
- Labor Policy (e.g. visa and work permit,
shortage of work force, law and regulations)
- Infrastructure Development (mega-projects)
- Deregulations (e.g. deregulation of Foreign
Business Act.)
- Promotion of Regional Operating Headquarters
3
(ROHs)
Government measures in
support of investment
promotion policy
1. Review of investment promotion strategy
2. Promotion of set-up of international
headquarter (IHQ) and international trading
company (ITC)
3. Promotion of non-tax measures
4. Facilitation for investors regarding the set-up
of IHQ and ITC
4
New Investment Promotion
Strategy (2015-2021)
1. Promote investment that help enhance national
competitiveness
2. Promote environment-friendly activities
3. Promote clusters in accordance with regional
potential and strengthened value chain
4. Promote investment in southern border
provinces
5. Promote special economic zone, especially
in border areas
5
6. Promote Thai overseas investment
New Approach to Granting Investment
Incentives
Activity-based Incentives
Merit-based Incentives
1. Competitiveness Enhancement
2. Decentralization
3. Industrial Area Development
Grant additional incentives to Encourage
more investment/ expenditures that benefit
the country or overall industry
Classified incentive based on the
Importance of activities
Exemption of import duty on
machinery/ raw material and
non-tax incentive
6
Activity-Based Incentives
A1: Knowledge-based
activities, focusing on R&D
and design to enhance the
country’s competitiveness
A3: High technology
activities which are
important to the country’s
development, with a few
investments already existing
in Thailand
A2: Activities in infrastructure
for the country’s development,
activities using advanced
technology to create value
added, with none or very few
existing investments in
Thailand
A4: Activities with lower
technology than A1-A3
but add value to domestic
resources and strengthen
supply chain
B1/B2: Supporting industries that do not use high
technology but are still important to value chain
7
Other special policies
1. Industrial development in border provinces in
Southern Thailand
2. Investment in special economic zones
8
Special Economic Zone in Thailand
Phase 1
Phase 2
Laos
Vietnam
Tak
Mukdahan
Sakeaw
Trat
Songkla
Vietnam
Myanmar
Myanmar
1)
2)
3)
4)
5)
Laos
Cambodia
Vietnam
Cambodia
1)
2)
3)
4)
5)
Chiangrai
Nongkai
Nakhonpanom
Kanchanaburi
Naratiwas
Thank You
for Your Attention
ありがとう
10

similar documents