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Thailand - June 2008
BCCT launches ’Thai means Business’
Thailand Property Report
The British Chamber of Commerce Thailand (BCCT) has
announced the launch of its ´Thailand Means Business 2008´
campaign, which it says will help improve the confidence
of UK invstors in Thailand.
As part of the initiative the BCCT is to organise a series
of business-to-business seminars targeted at British
companies seeking to invest in or trade with Thailand in
different locations in the UK, Hong Kong and Singapore.
Organisers say the aim of the seminars, which will run
throughout 200, is to “present a positive view of the
opportunities that exist in Thailand balanced by the
challenges faced by foreign businesses”.
The move comes in response to concerns voiced by BCCT
members in 2007 who felt that their businesses could have
been adversely affected by proposed changes to the Foreign
Business Act (FBA). However, the BCCT will stress that
while technically some of these draft laws remain active,
the new government has announced plans to actively promote
foreign investment in Thailand.
BCCT Chairman Rodney Bain pointed out, “Despite concerns
during 2007, the UK remained the largest European investor
in Thailand. Our bilateral relationship is also very
positive, amply demonstrated by next week’s visit to
Thailand by Lord Digby Jones, the UK’s Minister for Trade,
one of the first visits by a foreign trade minister since
the election of the new government”.
Bain continued, “The new government has stated a need to
attract greater foreign investment to Thailand. ‘Thailand
Means Business 2008’ is BCCT’s way of supporting this
desire by passing on its wealth of knowledge and practical
experience of doing business in Thailand to UK companies,
in particular to those that may have cancelled or
suspended their investment or trading plans during the
last couple of years. I hope that ‘Thailand Means Business
2008’ will contribute directly to an increase in
investment and trade between the two Kingdoms.”
The year 2007 was a record one for the BCCT, with
membership exceeding 660. Event sponsorship topped
previous highs and a record sum (approximately Bt2.5
million) was donated to charities in Thailand. Bain
concluded: “BCCT has an ambitious programme of activities
in 2008 including visits to regional centres in Thailand,
continuation of our Thai-language events and the ‘Thailand
Means Business 2008’ campaign. We actively welcome new
members.”
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