Much still to be done before AEC

 

The National Economic and Social Development Board (NESDB) has said Thailand needs to address several issues if it is to fully benefit from the Asean Economic Community (AEC), once it goes into full effect by early 2016.

NESDB Deputy Secretary-General Porametee Vimolsiri (ปรเมธี วิมลศิริ) said the government must first amend laws to facilitate trade and investment while upgrading trade competition law, as large-scale foreign investors are expected to flood the Asean market once regional economic integration takes place.

Thai small and medium-sized enterprises (SMEs) also need accelerated assistance, particularly in the form of financial support and access to capital.

The NESDB also said Thailand needs to develop infrastructure to accommodate links with neighbouring countries and facilitate border trade. The establishment of a single point of contact with 32 agencies, called the National Single Window, should also be sped up after long delays.

More importantly, Mr Porametee urged each bordering province to accelerate administrative restructuring in order to promote trade and investment, develop human resources and handle potential social and health issues caused by labour movement.

 

 

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