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Govt hopes to make Thailand one of the top countries for business in two years

  • Dec 01, 2020
The government has set an ambitious target for itself – making Thailand one of the top 10 countries in the world for ease of doing business in the next two years, said Deputy PM Supattanapong Punmeechaow, who doubles as energy minister.

Thailand was ranked 21 in the World Bank’s Ease of Doing Business 2020 list of 190 countries surveyed.

He added that Thailand is ready on all aspects, especially logistics infrastructure, in order to achieve this goal.

Phongsaward Guyaroonsuith, director-general of the Strategic Transformation Office, said the office aims to complete 85 per cent of laws related to doing business within the next year to help boost the country’s ranking.

Nattapon Dejvitak, Loxley’s executive vice president, said the private sector is working with the government to develop a trade platform to help cut related costs for business operators in import-export transactions.

The platform, which will be linked up with 37 related state agencies, will go on trial in the first quarter of next year, before going into full use later in the year. This will help save between Bt4 billion and Bt5 billion per year on the cost of import-export documentation and related labour costs.

Source: https://www.nationthailand.com/business/30398838?utm_source=category&utm_medium=internal_referral