Thailand: Top business destination in two years ?

BANGKOK – The Thai 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 Prime Minister Supattanapong Punmeechaow, who doubles as energy minister.

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

He added that Thailand was 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% 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 four billion and five billion baht per year on the cost of import-export documentation and related costs. — The Nation/ANN