AMCHAM’S Roadmap for Growth

Thai-American Business (T-AB) Magazine - - Amcham Policy Recommendations -

AMCHAM Thai­land ac­tively pro­motes Thai­land as a des­ti­na­tion for Amer­i­can and global in­vest­ment and is com­mit­ted to a strong com­mer­cial part­ner­ship with Thai­land. AMCHAM be­lieves in Thai­land’s po­ten­tial for eco­nomic growth and pros­per­ity. The prin­ci­ples of open mar­kets and free en­ter­prise; the rule and sta­bil­ity of law; re­gional eco­nomic in­te­gra­tion; high- skilled work­force; modern in­fra­struc­ture; mar­ket di­ver­si­fi­ca­tion; and fight­ing against cor­rup­tion should stand at the core of Thai­land’s short and long- term pol­icy ini­tia­tives. To ig­nite eco­nomic growth, job cre­ation and in­vest­ment, AMCHAM stands for and puts forth the fol­low­ing rec­om­men­da­tions:

Em­brace re­form poli­cies that sup­port open mar­kets and free en­ter­prise

• Re­view the For­eign Busi­ness Act and lib­er­al­ize the ser­vices sec­tor - Re­form reg­u­la­tions that limit the abil­ity of for­eign com­pa­nies to in­vest in ar­eas such as fi­nan­cial ser­vices and land trans­porta­tion - Lib­er­al­ize the ser­vices sec­tor and lift the pro­hi­bi­tion of for­eign pro­fes­sion­als in such ser­vice sec­tors as law, ac­count­ing, ar­chi­tec­ture, and engi­neer­ing - Equal treat­ment for all com­pa­nies – for­eign and Thai – in gov­ern­ment pro­cure­ment op­por­tu­ni­ties • Re­form the Cus­toms Law and Ex­cise Law to en­sure they meet in­ter­na­tional stan­dards and best prac­tice

Take de­ci­sive ac­tion to­ward in­te­grat­ing Thai­land’s econ­omy within ASEAN and through­out the Asia- Pa­cific re­gion

• Adopt re­form mea­sures to al­low Thai­land to ben­e­fit from the tremen­dous eco­nomic growth in the re­gion: - Im­ple­ment the four pil­lars of in­te­gra­tion for the ASEAN Eco­nomic Com­mu­nity - In­sti­tu­tion­al­ize a Royal Gov­ern­ment Work­ing Group to ad­vance Thai­land’s join­ing the Tran­sPa­cific Part­ner­ship

En­sure the rule and sta­bil­ity of law and pol­icy

• Im­ple­ment and en­force cur­rent poli­cies, pro­mote po­lit­i­cal and le­gal sta­bil­ity, and re­ject cor­rup­tion - Strongly pro­tect In­tel­lec­tual Prop­erty ( IP) and strictly en­force ex­ist­ing IP laws to en­sure the re­duc­tion of large- scale, or­ga­nized coun­ter­feit piracy, ca­ble and sig­nal theft, and entertainment and busi­ness soft­ware piracy - Im­ple­ment strin­gent anti- cor­rup­tion mea­sures and in­crease trans­parency in all ar­eas of busi­ness and gov­ern­ment pro­cure­ment - Pro­vide suf­fi­cient no­tice of pub­lic hear­ings and seek feedback from the pri­vate sec­tor on draft leg­is­la­tion

In­vest in build­ing a modern and di­ver­si­fied econ­omy

• Take bold ac­tion on ed­u­ca­tion and in­fra­struc­ture to pro­vide a foundation for a 21st cen­tury econ­omy - Make sig­nif­i­cant in­vest­ments in ed­u­ca­tion, vo­ca­tional train­ing, and com­pul­sory English language stud­ies in pub­lic schools - Com­mence the in­fra­struc­ture in­vest­ment plan to up­grade high­ways, rail, and high- speed in­ter­net through­out Thai­land - Em­brace the dig­i­tal econ­omy by ad­vanc­ing poli­cies that pro­mote en­trepreneur­ship, in­no­va­tion and com­pet­i­tive­ness

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