pnarc180.pdf

lies at the center ef all rail, road, The Promotion of the Indu-trial In- banking institutions are represented
and ,votr -omnninications. It is vestment Act of 1962 pro0.1t;S tax in Thailand including the Chartered
,urroundcd by a rich agricultural and duty fice incentives to many Bank of London, tile Chase Man-
Iloducing r.w ion at tile dclta of the pi'omotcd industries. InI addition, hattan Bank of Nev York, the Bank
hnridrcds of rilcs of Chao Phraya for a nominal fcc, the U.S. Govern- of America, th, I lit,ui Bank, and the
i,,er \,,ite,\i.:ty. Out ,ide laii..iok ,ncut providcs i vewt mint guarantees Bank of Tokyo Ltd.
lie .la;L,:r cities \Nhch '\e p'olise for U.S. conmpauiics aiainst risks of
of I, cominI thriving markets. in-conv,:rtahity, c,:propriation, or Foreign invstors un dertaking inwar.
Furherimore, the U.S. Go- vestments in Thailand can often
Both skilled an1 nush lled labor are vernment has a pro'-ram where' 50 supplernent their own capital and
p!untiful and v,.aLcs are low. Unskilled percent of the cost of a 1easibility technical knowhow from additional
workers 'Ct about '1.00 periliy; "tudy will bc rcimbursed to any sources supplied from within Thailand.
skilled from .. 1.50 to C4. The go- company it the study indicates that
vcrnmcnt does not permit unions,
investment in Thailand will not be
feasible.
Thai laws ,overning business provide
for sole proprictorship, gen :ral or Thai currency is characterized by
limited lrtnerships, and limited stablq convertability, and price levels
coipanies (corporations). are nearly constant. Many foreign
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It is a pleasure to send gieeting.; and dynamic economy. More and more recently arc Union Carbide, Parsons
b,:st wishes to the American Nana- American companis are turning to and Whittemore, Colgate-Palmolive,
eiielnt Association, from your :'Jthsw Thailand as an oasis of stability and Warner Lambert, Corn Products,
countrymeln in the Amekall C.'a i.- orderly growth in the turmoil of Foremost, Gulf Oil, Tenneco Interher
of Commerce il Tha raU.lm Southeast Asia. Thailand's investment national, Union Oil, National Leadits
iILoptlion in 1956 omwc C it ner promotion policies, under tihe able and still the list grows.
las 8,roni today to nearly 300 n;em- administration of Ills [xcellency Pote
'cers. lImtlin the past three years Sarasin, Minister of' National Deve- The old dsertisin, s'lon:m of a well
Erosrh has 1)uen at an :Ilia l rtle lopmcnt and his energetic assistant, known comp;y inmited prospective
of over 25". Dr. Amnuay Viravan, Scretary Gene- buyers to "ask the man who owns
ral of the Board of lnve.,tment, offer one", which applies to this country.
Su,:h strot,, progress is mei ly a re- outstanding adva ntaes to the foreign We in-ite you to ask us for further
liecton of the tremendou, a',,ances investor. Among your own colleagues testimony from our members as to
being made in all sectors ofThailand's who have invested in Thailand why you should invest in Thailand.
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A .. ~n of
It is a great privilege for me to have from giving a clear and ccncise picture tremendous potential is litera'l- crythe
opportrniy to contribule a of the reginn's economic climate, lis ing out to b,: developed.
ms.CSae in the publication of His Exellency's speech presented a most
Lxcllency, the Minister of National cogent set of reasons for investment It is loped that this invitation from
Dcvelopment NI inistry's famous in Asia, and particularly in Thailand. a corner of Asia will be heard far
adress delivered in New York and wide by private entrepreneurs
rce n!t y.
or advanced econoimics, and that they
With the rapid and sustained growth \kill have the boltdness to explore the
I eirnesi ly hope that this publication in gross national product, impressive r.,ion's vast business opportunities,
i i nd a wide circulation among gaitis in capital formation, the ever a,id the generosity to join hands with
ihe t jusinessmen, bankers and indus- bcadening base of the private sector lI,eir Asian :,luntcrparts in develop­
[ri tsts of, not only the U.S., but aid a multitude of special incentives ng these opportunities as true par*-
AIS oilother t developed nations. Apart fo private investment, Thailand's i:rs in progress.