Who said that ? The Commerce Minister, who went to seminar in Tokyo yesterday “Japan-Thailand: The Strategic Economic Partner under Jtepa”.
“Commerce Minister Krirk-krai Jirapaet said Japanese businessmen were worried about four key issues: the import of automotive goods, customs procedures, new investment and reinvestment and the amended Foreign Business Act’s restrictions against foreign shareholders.
“They [Japanese businessmen] are uncomfortable [in the belief that] the FBA amendments will draw investment barriers to them. However, the chairman of the Thailand’s Board of Trade has explained that the amended law is aimed mostly at creating good governance in the country,” Krirk-krai said.” (Nation)
Must have been a hard day for mister Krirk-krai… who started the amendement process of the FBA last october (read our dossier here).
At last now, he can’t say anymore that he doesn’t know the feeling of foreign investors…
And because japanese businesses are so important for the thai economy (car industry)… we could hope that their concerns will be heard…
Anyway, it’s rather funny to see thai officials sticking to their motto, like a life jacket : amended FBA is for “good governance” only.