The Finance Ministry today signed the deal to borrow Bt1.65 billion from Japan International Cooperation Agency (JICA), to finance the pipewater network expansion in Bangkok.
Infrastructure services, if quickly improved, could promote a better investment climate in Thailand
Imports from new ASEAN member countries also have lower import duties. As part of ASEAN Integration System of Preferences (AISP), tariffs of products such as vinegar, chili, certain vegetables, wood products, and electronic switchboards imported from Cambodia, Myanmar and Lao PDR are either reduced or abolished from September 2008.
Most of the infrastructure development in Thailand has been responsive to demand rather than forward-looking. Availability and accessibility appear to no longer be a challenge. The next step for Thailand is to put more emphasis on quality of service delivery, management, and sound regulation.