UK Trade and Investment Minister Lord Digby Jones on Wednesday called on the Thai government to ease some investment regulations to pave the way for increasing foreign investment in Thailand.
“The Scotch Whisky Association said the tariffs here are six times higher than in China. The Standard Chartered Bank also said they needed to see a more relaxation of the wholly- owned company. In Vietnam, it’s 100 per cent owned, and also in China.”
He also called on the Thai government to issue clearer regulations on retail trading. The largest overseas operations of British retail company Tesco is in Thailand, with 450 outlets nationwide.
Lord Jones said he appreciated the new Thai government’s commitment to make Thailand more business-friendly, and to work on legislations to boost foreign investors’ confidence in light of increasing competition from Vietnam and Cambodia.
“I think it’s globalisation. Give everybody choices. You can invest anywhere. So it’s time for Thailand to be as competitive as possible to be attractive for investment,” he said. (TNA)
Bravo to the Lord ! 
It’s good to hear european voices starting to react, even if the tone remains diplomatic albeit refreshingly… clear.
Yes Thailand has several issues regarding business laws and regulations (FBA, Retail Act, tariffs, land regulations etc.)…
Yes it will have to make a choice : change and adapt, or face the fact that today investments flow more freely… The competition from other countries is high.
That’s globalization.
The times when Thailand was like an “oasis” of light, a truely spoiled child supported by the US, in a dark communist South East Asia after the Vietnam War, are over…
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