JCC expresses concerns over BOI’s new policy

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BANGKOK, 15 August 2013 The Japanese Chamber of Commerce has expressed its concerns over the Board of Investment of Thailand’s new policy, saying it could have a negative impact on the investment sector. 

Japanese Chamber of Commerce Chairman Susumu Uneno yesterday paid Prime Minister Yingluck Shinawatra a visit at the Government House, where he handed Miss Yingluck the result of the survey conducted on Japanese joint-venture companies. The result shows that most of the surveyed companies place their importance on various issues such as tariff imposition regulation, human resources development, and basic infrastructure improvement. The chairman also expressed his concerns over the BOI’s new investment policy, saying it could have a negative impact on the economy. However, Mr. Uneno reaffirmed that Japanese companies doing business in Thailand will keep their production bases in the country.

Miss Yingluck, meanwhile, told Mr. Uneno that Thailand was in the process of adjusting its regulations on tariffs, while assuring him of the government’s intention to enhance the skills of the nation’s workforce, and to promote Thailand as the center of this region. Lastly, the Premier told the chairman not to worry about the new policy of the Board of Investment, as all the suggestions made by the JCC will be forwarded to the BOI.