Thailand eases regulations to draw more Japanese investment
BANGKOK, March 29 (TNA) - The Thai government will amend its regulations to facilitate Japanese investment in this country, according to Mingkwan Saengsuwan, deputy prime minister and commerce minister.
His remarks were made after he met with senior officials of the Japan External Trade Organization (JETRO) in Bangkok Friday.
During the meeting JETRO officials expressed concern regarding Thailand's laws and regulations dealing with alien business, particularly those imposed by the previous military-installed government of prime minister Gen. Surayud Chulanont, Mr. Mingkwan said.
In order to dispel worries, Mr. Mingkwan said he had told JETRO officials that the current Thai government would do whatever it could to smooth Japanese investment in Thailand.
Both sides also discussed agreements under the framework of the Japan-Thailand Economic Partnership Agreement (JTEPA) and Japan-ASEAN trade, he said.
JTEPA came into effect on Nov 1, 2007.
According to Mr. Mingkwan, JETRO officials said that a number of Japanese investors planned to relocate their production bases to Thailand and urged the Bangkok government to ease visa and work procedures. (TNA)-E111
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