Commerce Ministry Brings Together Foreign Ambassadors, Foreign Chambers of Commerce, and Private Sector for Major Seminar
The Minister of Commerce further stated that the government aims to accelerate the realization of investment applications submitted through the Board of Investment (BOI) totaling at least 481 billion baht this year. This will be supported in two main areas: 1) Human resource development through the “Skill Bridge” project, connecting investor needs with the Thai labor market and enhancing skills in modern technology and industries; and 2) Facilitating regulations and licensing processes to be faster, more transparent, and more digital. Furthermore, Thailand has the potential to be the “Gateway to ASEAN” due to its strategic logistics location and network of Free Trade Agreements (FTAs) already in effect, covering 18 countries, with three more under preparation. This also includes plans for new FTA negotiations with the European Union, South Korea, and Canada, which will facilitate investors establishing production bases in Thailand to expand their markets regionally and globally.
Investment under the Foreign Business Act B.E. 2542 (1999) is projected to exceed 320 billion baht by 2025, a 42% increase from the previous year. This reflects the law's crucial role as a mechanism to support foreign investment while maintaining fairness in the economic system.
Ms. Supajee further stated that the Ministry of Commerce is pursuing a policy of "fully protecting good people and seriously cracking down on bad ones." Since the beginning of 2026, it has issued four measures and two orders to prevent and suppress nominee businesses, such as linking data with the Royal Thai Police to investigate surrogate accounts and using AI technology to connect data with the Ministry of Finance to verify the names of holders of state welfare cards who may be used in fraudulent transactions. This has resulted in a significant reduction in the number of suspicious companies. Simultaneously, the government is accelerating the upgrading of services through the e-Foreign Business system, reducing license processing time to one month, developing clear application guidelines, and is currently proposing to the Cabinet a reduction of 10 business categories requiring licenses to further facilitate investment.
Go To Lead
|