Joint Foreign Chambers of Commerce in Thailand Nandor von der Luehe Chairman Thailand’s Investment Environment: Looking Forward 23 July 2009.

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Joint Foreign Chambers of Commerce in Thailand Nandor von der Luehe Chairman Thailand’s Investment Environment: Looking Forward 23 July 2009

30 Foreign Chambers and Business Associations / over 9,000 member companies Committed to economic growth and development of Thailand Non political organisation Work with BOT, BOI, FTI and other organisations About JFCCT 2 INVESTMENTS July 09 JFCCT Chairman Joint Foreign Chambers of Commerce in Thailand

Super investment body ▪ Harmonized policies across various ministries ▪ One start one stop office Capacity run down Rebuild capacity through infrastructure investments, skill enhancement and liberalisations Last year’s Investment Seminar Out-Turn 3 INVESTMENTS July 09 JFCCT Chairman Joint Foreign Chambers of Commerce in Thailand

Financial crisis Political stability and predictability - State of emergency declared Sep 08 - Street clashes Oct 08 - Airport closure Dec 08 - Cancellation of ASEAN Summit Apr 09 - State of emergency declared during Songkran Festival 09 Impediments to attracting investment 4 INVESTMENTS July 09 JFCCT Chairman Joint Foreign Chambers of Commerce in Thailand

Use the opportunity for Road maps for fundamental reforms; and Some immediate changes. Investment Success in Thailand 5 INVESTMENTS July 09 JFCCT Chairman Joint Foreign Chambers of Commerce in Thailand

Needs today Opening up services sector Review Foreign Business Act Lists Liberalization of services - Implement reforms and changes Reform & liberalise ICT Streamline Labour and Immigration Revise Property law Investment Success in Thailand 6 INVESTMENTS July 09 JFCCT Chairman Joint Foreign Chambers of Commerce in Thailand

Do not waste a good crisis Open up service sector Liberalise the FBA Lists Implement reforms and structural changes in ICT sector Introduce a business visa Ensure a competitive labor market Revise laws in the property sector Summary 7 INVESTMENTS July 09 JFCCT Chairman Joint Foreign Chambers of Commerce in Thailand

Address:1055/914 State Tower 38 Th Fl. Silom Road, Bangrak Bangkok Tel: Fax: Contact 8 INVESTMENTS July 09 JFCCT Chairman Joint Foreign Chambers of Commerce in Thailand