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Thailand disappointed with unchanged status on Priority Watch List

The USTR in its report released on April 30, maintained Thailand on its PWL for 2010 which has been unchanged since 2007 but Mr Alongkorn said an OCR (Out-of-Cycle Review) on Thailand’s status could be conducted within the next six months.

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Disappointed over an unchanged and an improvement from  Washington’s Priority Watch List (PWL), announced recently by the US Trade Representative (USTR), the Commerce Ministry will ask the Royal Thai Police Bureau to more strictly enforcing and suppressing violations of US intellectual property rights in the kingdom, said Deputy Commerce Minister Alongkorn Ponlaboot.

The USTR in its report released on April 30, maintained Thailand on its PWL for 2010 which has been unchanged since 2007 but Mr Alongkorn said an OCR (Out-of-Cycle Review) on Thailand’s status could be conducted within the next six months.

Saying that he was disappointed over the ranking, Mr Alongkorn reiterated that the Thai government has attached importance on intellectual property rights protection and has continuously suppress violators in the past, the government, therefore, plans to write a letter to USTR and enquire about the country’s status which was kept unchanged for 2010.

via Thailand disappointed with unchanged status on Washington’s Priority Watch List.

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Economics

BoI Plans More Efforts to Promote BCG Economy

National News Bureau of Thailand

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BANGKOK (NNT) – The Board of Investment (BoI) is working with related agencies to rev up promotion of the bio-, circular and green (BCG) economy to help drive growth over the next 5 years.

BoI Secretary-General Duangjai Asawachintachit said the BoI is looking into more business categories for high technology as part of efforts to promote the BCG economy.

She said the government is focused on developing the bio-economy as Thailand has more than 30 million people working in the farm sector, yet most of them remain in poverty.

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Covid-19 and medical tourism: is a recovery on the cards?

Oxford Business Group

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Covid-19 and medical tourism: is a recovery on the cards?

– Before the pandemic, medical tourism was a major growth area
– Dubai was a world leader among emerging market destinations
– Covid-19 travel bans and lockdowns seriously dented growth
– Increased emphasis on safety has enabled a gradual re-opening

Prior to the outbreak of coronavirus, medical tourism was a significant growth industry in many emerging economies. While the pandemic represented a major setback for the segment, there are signs that it may be recovering in several markets.

The last decade saw a boom in medical tourism. By 2018 the global market was generating $58.6bn annually and in 2019 it was forecast to grow at a compound annual growth rate of 11.7% – reaching more than $142.2bn by 2026.

The segment’s growth was largely spurred by increased awareness – particularly among citizens of higher-income countries – of the quality and relatively affordable health care options on offer in many emerging economies. The appeal was further enhanced by the possibility of combining medical treatment with a holiday in an attractive location.

Asia has been a popular region for medical tourism for some time. In Thailand, for example, guided by the Ministry of Public Health’s 2016-25 strategic plan entitled ‘Thailand: A Hub of Wellness and Medical Services’, stakeholders have been working to cement the country’s position as a regional leader in medical tourism.

Elsewhere in Asia, in 2017 the Indian government began offering a medical visa aimed at bringing in more foreign patients. 

Governments in other regions similarly moved to capitalise on this growing segment. In 2015, for example, Turkish Airlines announced a 50% discount on flights for people coming to Turkey for medical treatment.

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Economics

Thai Government Promotes Circular Economy

National News Bureau of Thailand

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BANGKOK (NNT) – The Industry Ministry aims to increase social awareness among 65 factories this year to promote environmentally friendly production under the circular economy model.

Minister Suriya Jungrungreangkit said the government is committed to safeguarding the environment and communities through a campaign for business sustainability.

He said factories that join the government’s corporate social responsibility (CSR) project will benefit from waste and cost reduction based on high technology.

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