OECD Investment Policy Reviews: Thailand

Thailand has had a remarkable economic development trajectory over the past 60 years and foreign direct investment (FDI) has been pivotal in this success. Thailand was one of the first movers in opening up to manufacturing FDI and in establishing proactive investment promotion and facilitation policies. While challenges remain in some areas of responsible business conduct, there is strong political will to address them. Thailand aspires to become a high income economy by 2037 by upgrading to a value based green economy. Inward FDI will play a prominent role in achieving this goal but this requires a concerted effort to reform the investment climate to remain an attractive host to foreign investment and to benefit to the full extent from that investment. While the COVID-19 crisis might temporarily delay progress, the policy recommendations in this review draw attention to potential reform priorities to help Thailand fulfil its development ambitions aligned with the Sustainable Development Goals and to contribute to a more inclusive and sustainable recovery from the pandemic.

Available from January 26, 2021

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Acronyms and abbreviations
Executive Summary
Assessment and recommendations
Thailand’s development trajectory: Past and future strategies
A snapshot of Thailand’s competitiveness
Trends and qualities of FDI in Thailand
Investment promotion policies to build a knowledge-based economy
Improving Thailand’s foreign investment regime
Domestic legal framework for investment protection and dispute settlement
Investment treaty policy in Thailand
Promoting and enabling responsible business conduct
Promoting investment for green growth
Promoting Thai outward investments
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