US resolution is a vote of confidence in the govt’s roadmap, and a setback for Thaksin. The U.S. Embassy in Bangkok is one of the largest in the world and is comprised of several dozen sections and agencies. The mission of the United States Embassy is to advance the interests of the United States, and to serve and protect U.S. citizens in Thailand.
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A victory in Washington
The Ambassador is the personal representative of the President of the United States. As the chief advocate of U.S. policy, he is supported by personnel from the Department of State and other Washington agencies.
The Embassy reports and analyzes developments in Thailand of concern to the United States, and advances a broad range of U.S. policy initiatives. The Embassy promotes United States’ economic and commercial interests, and the export of American agricultural and industrial products and services, and otherwise assists American business, workers and investors. The Embassy engages the government and a broad range of organizations and individuals in Thailand to promote shared values. Among others, these include individual freedom, human rights and democracy and the rule of law
What You Need to Know About Setting up a Business in Thailand
The Ministry of Industry administers The Factory Act, which governs factory construction and operation, as well as safety and pollution-control requirements. In some cases, factories do not require licenses, in other instances the requirement is simply to notify officials in advance of start-up, and in some cases licenses are required prior to commencing operations. Licenses are valid for five years, and are renewable.
Thailand recognizes three kinds of intellectual property rights: patents, trademarks, and copyrights.
The Patent Act protects both inventions and product designs and pharmaceuticals.The Copyright Act protects literary, artistic works, and performance rights, by making it unlawful to reproduce or publish such works without the owner’s permission. The Trademark Act governs registration of, and provides protection for, trademarks.
For the year 2008, the Thai economy decelerated from the previous year, particularly in the last quarter where global economic downturn and internal political unrest adversely affected manufacturing production and tourism. Nonetheless, farm income in Thailand still expanded well from higher major crop production and price compared to the previous year. On the demand side, private consumption and investment declined notably in the last quarter, despite falling inflation during the second half of the year in line with lower oil prices. Both export and import expanded satisfactorily during the first three quarters. However, during the last quarter, export contracted following trading partners’ economic slowdown while import decelerated markedly in line with export and domestic demand conditions.
Thailand is among the region’s more open economies, with exports accounting for around 65% of gross domestic product (GDP)
So far Thailand has been hard hit by flagging global demand, particularly in the US and Europe. Exports fell 15.7% year on year in December, the second consecutive month of declining growth, according to Bank of Thailand statistics. The Ministry of Finance’s Fiscal Policy Office meanwhile projected the Thai economy contracted a worse-than-expected 3.5% in the fourth quarter. Independent analysts have carried forward that downbeat analysis, predicting economic and export growth will both be negative territory in 2009.Thailand’s shipments span the value-added gamut, with the country serving as a production and export hub for multinational automobile manufacturers, while maintaining its traditional position as one of the world’s leading rice, rubber and seafood exporters.
About the author
The Office of the Board of Investment is a government agency under the Office of the Prime Minister. Its core roles and responsibilities are to promote valuable investment, both investment into Thailand and Thai overseas investment.
