The Commerce Ministry is considering liberalising up to 39 businesses under the protected list of the Foreign Business Act (FBA) in order to improve business conditions and promote foreign investment.
“The plan to liberalise businesses under the FBA is part of the government’s strategy to encourage foreign investment during the world economic downturn, as well as provide more flexible conditions to improve Thailand’s business environment,” said Kanissorn. (Nation)
You say : “Great. At last”. And you add : “They are pragmatic. That’s really good. We have a crisis, they’re reacting, in order to attract foreign businesses. Good”.
And then you continue to read the article…
The department has hired the Fiscal Research Policy Office to study which businesses under the FBA’s protection lists should be liberalised and which need more time for adjustment.
Ah… politicians have asked… bureaucrats… Hum.. To make a study. Hum… And within the “liberalisation” idea there is the idea… of protection. 😉
But you have a good mood, so you continue to read.
Seventeen types of businesses under consideration are engineering, construction, brokerages, retail agencies, wholesale, advertising, hotels, food and beverage retailing, computer services, warehouse control and domestic transportation, business consultancy, schools, entertainment, auction and sale brokers, pawnshops, and plant cultivation and propagation.
For these 17 types, the Commerce Ministry’s Foreign Business Act committee will consider the adjustment period needed before they are opened up – three years, four to six years, or longer.
Now you are laughing out loud, like the young people like to say. You knew there would be a trick. 😉
Let me rephrase so you can understand the issue here : thanks to the Foreign Business Act (and the infamous List 3), businesses like restaurant, bar, tourist guide ARE FORBIDDEN to foreigners (unless a special licence is granted) because “Thai nationals are not yet ready to compete with foreigners“.
I repeat : thais are unable to compete with foreigners because they are so stupid (I don’t say that, the thai government does) for :
-Selling food or beverages
-Production of lime
-Hotel business, except for hotel management service.
-Plant cultivation and propagation business.
-Legal service business.
-Accounting service business etc.
The list is not over (read here, end of the page).
It would be hilarious if it wasn’t tragic.
So to summarize : another totally empty and idiotic statement from a thai official who thinks, genuinely, that he can fool those bloody foreigners. Us.
Well mister Kanissorn you’ve missed. You are a clown. And, worse, you insult your own people, over and over, by defending the List 3 of the FBA.
I’ve got another satisfaction. I know, it’s petty. The global crisis is going to crunch the haughtiness of those bureaucrats who think they’re smart.
All those clowns are going to be wiped out. Direct into History’s garbage can, where they belong.
[To know everything about the Foreign Business Act circus, the history, how it works, how the thai authorities are playing with it… read my special dossier]