Thai Prime Minister Yingluck Shinawatra will visit Malaysia on Monday, the introductory trip to the last remaining members of the Association of Southeast Asian Nations (ASEAN) since she took office in August of last year.
It is clearly not in our interest to keep guests at our hotels when it is not safe to do so and we are the first to respond to any threats to safety. I urge the foreign embassies and media to give the private sector more credit and to share responsibility with the private sector in minimising the extensive damage that comes from overplaying the danger to tourists.
Malaysia to cooperate with Thailand ending violence in Southern Provinces where an ethnic separatist insurgency is taking place, predominantly in the Malay Pattani region. Thailand’s Foreign Minister Surapong met with the Foreign Minister of Malaysia and the Executive Director of United Nations Office on Drugs and Crime UNODC.
In his bilateral meeting with Dato’Siri Anifah Aman, Foreign Minister of Malaysia, Foreign Minister Surapong reiterated that Thailand attached great importance to enhancing its relations with neighboring countries. In this regard, the Foreign Minister informed his Malaysian counterpart of Thailand’s readiness to host the 12th Meeting of the Thailand-Malaysia Joint Commission and the 3rd Meeting of the Thailand-Malaysia Committee on Joint Development Strategy JDS this year to prepare for the 5th Meeting of the Annual Consultation between the Prime Ministers of Thailand and Malaysia to be hosted by Malaysia.
Many U.S. businesses, however, enjoy investment benefits through the U.S.-Thailand Treaty of Amity and Economic Relations (AER), originally signed in 1833. The 1966 iteration of the Treaty allows U.S. citizens and businesses incorporated in the U.S., or in Thailand that are majority-owned by U.S. citizens, to engage in business on the same basis as Thai companies, exempting them from most of the restrictions on foreign investment imposed by the Foreign Business Act. Under the Treaty, Thailand restricts American investment only in the fields of communications, transport, fiduciary functions, banking involving depository functions, the exploitation of land or other natural resources, and domestic trade in agricultural products.
Prospective U.S. investors who would like to benefit from the Treaty must first verify their nationality by obtaining a certified letter from the U.S. Embassy in Bangkok. The investor must then present the letter to the Ministry of Commerce, along with an application form for a business operation certificate. This process typically takes less than one month. Notwithstanding their Treaty rights, many Americans choose to form joint ventures with Thai partners, allowing the Thai side to hold the majority stake because of the advantages that come from familiarity with the Thai economy and local regulations.
Thai PM to visit Malaysia on Monday