Thailand plans to open more sectors to foreign firms


BANGKOK: Thailand is moving to ease foreign business rules and speed up approvals in a bid to attract overseas investment and revive economic growth.

The Commerce Ministry plans to seek cabinet approval to remove 10 business categories from the restricted list under the Foreign Business Act, a change that would allow foreign firms to operate in those sectors without applying for state licences, Commerce Minister Suphajee Suthumpun (pic) said at a seminar in Bangkok on Thursday.

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Thailand , foreign , business , rules , firms

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