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 ? -r "" . "2 .. , , C.• ° . .. ..,, ,. ,," *i 4 1" V. 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. iC .. i,,' . -M Tj OF 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.
A wide variety of investment opoi- Permission to remit capital, cart- private industry and business, -,ad tunities are npen to forci'n enr1- ings and royalitics fronithe invtsi.- the establishment of enterprises in prencurs in Thailand, and the (,,- meuit in foreign currency. competition withI 'prtmotvd'ind ustries. vernent, throug.,h the 11o)ard of II- Permission to own lind for car.-y- Vcsti Ine t, ofrrs the foll owi it inc n- ing on an indutrti:il activity. In addition, it is the Government's tivcs and sa fc-guztrik; to promotcd * Pelk'csionI to bririg in foreign industrial policy to give top priority to industrial investors:- tcclnicia is in excess of immigration quotas. Industries that seek to utilize the Income Tax holida.y for 5 years * Advice on financial assistance, natural resources of tl-c country after income or satcs start, either privately or througlh joint to a greater degree. Exemption from import duties and ventures. Industries that will produce for business taxes on the machinery exportation. and materials ncccsa:ry to set up Aside from these privileges, the Thai- * Industries generating employment a factory. l.,nd Government's policy is explicit of local people. One-third exemption for 5 years in proN iding protection for the foreign * Industries that will bring modern fiom impot duties and busine:.s investor. The StatC guarantces against and beneficial technological innotaxes on raw materials, expropriation or nationalization of vations to Thailand. . f' 0 ° 0 ' ! 0 Ii 00 ,-, ) . . ., . ,. -- -( __ _ __ _ _ ( 00'
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?I 2 THAILAND TRADE and INVESTMENT
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TABLE OF CONTENTS Page SUMMARY .. .
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went into the "t. Worth-Houston are
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Dr. Amnuay edits the Thailand Offic
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(8) Thaworn Phornprapha President S
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(41) Mrs. Amphorn Bulpakdi (Dep.) (
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The above listing contains the name
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BUDGET: A series of budgets was pre
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U.S. firms (rather than having a on
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5. A.M.A. Conference: ascertain who
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arrival in Chicago. The U.S. itiner
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with former Governor Kerner who hea
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visits, had been scheduled by CIPM
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The itinerary was approved by Dr. A
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h th ...... , . . . .,organized; en
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that both A.I.D. and the Departmmnt
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Informal contacts between the Thai
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had expected to meet with friends f
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were made by American business firm
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the input of the USOM/Bangkok, AID/
- Page 41 and 42: obvious, however, that a Washington
- Page 43 and 44: een done. It would certainly have b
- Page 45 and 46: partner. They may w8A, i formation
- Page 47 and 48: K.- -- ~~.< . . *~. .,., -'*1.
- Page 49 and 50: 1 ..PA..*I0;: AT STATC . . .'.t (:
- Page 51 and 52: I .) I' ' ",~A L. TiL A T .1.*r~ PA
- Page 53 and 54: -C Co:ntrtctor zihall organize ;nd
- Page 55 and 56: .:rzn-r Contractor's act~vitle, in
- Page 57 and 58: THAILAND TRiDE AND INVESTMENT MISSI
- Page 59 and 60: Cooperating Organizations (continue
- Page 61 and 62: (14) Snit Viravan (16) Montri Suka
- Page 63 and 64: THAILAND TRADE AND INVESTMENT MISSI
- Page 65 and 66: Tuesday, April 30 (continued) 2:00
- Page 67 and 68: Wednesday, May 8 9:00 a.m. Continua
- Page 69 and 70: Thursday, May 2 (continued) LEO BUR
- Page 71 and 72: ITIUERARY GROUP II Members: 7, 18,
- Page 73 and 74: ITINERARY GROUP III Members: 12,14,
- Page 75 and 76: ITINERARY GROUP IV Members: 16,17,2
- Page 77 and 78: ITINERARY GROUP VI Members: 2,6,7,8
- Page 79 and 80: Friday, May 10 (continued) 10:00 a.
- Page 81 and 82: Wednesday, May 8 ITINERARY GROUP VI
- Page 83 and 84: Friday, May 10 a,m. Members: 21 and
- Page 85 and 86: AMERICAN MANAGEMENT ASSOCIATION , T
- Page 87 and 88: AME RICAN MANAGEMMENT ASSOCIATIOI1
- Page 89 and 90: By 1-.E. Minister of National Devel
- Page 91: 4" '.k /\tL , \f'"l % a sound bas
- Page 95 and 96: (r : c'Y ir t ,in Asia, with its po
- Page 97 and 98: AMERICAN MANAGE,.14ENT ASSOCIATI Or
- Page 99 and 100: AMERICAN MANAGEMENT ASSOCIATIUN A.
- Page 101 and 102: AMERICAN MANAGEMENT ASSO CIATI UN F
- Page 103 and 104: MIAUAII ITINllJQY Thai Trade & Invc
- Page 105 and 106: CENTE11 FOR - L[TI IAL AND) T'ECIhN
- Page 107 and 108: 2 ,,i,/ 9, 1l76 5. iionda,'s lunch.
- Page 109 and 110: Thai entrepreneurs to visit United
- Page 111 and 112: lbI C ,...I .. .,. .o 1..n s s :;;.
- Page 113 and 114: ," . . . . n:: c no.: i' t a ohorr
- Page 115 and 116: Covrnge by VOA Thai Sprvice of the
- Page 117 and 118: 1 ,EASTH-R SF-AI. CLIPPING SERVICE
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