Director-General of the Department of International Economic Affairs led Thai and OECD delegation participating in Virtual Peer Review on OECD Investment Policy Review of Thailand meeting, which discussed policies and provided recommendations regarding investment to Thai governmental agencies maintaining competitiveness and overcoming the middle income trap. 

 

On Monday, 22 June 2020, Thai delegation led by Mr. Cherdchai Chaivaivid, Director-General of the Department of International Economic Affairs, and delegates from the Right and Liberty Protection Department, Securities and Exchange Commission and Ministry of Natural Resources and Environment participated in the Virtual Peer Review with the Organisation for Economic Co-operation and Development (OECD), led by Mr. Malfred Schekulin, Chair of the OECD Investment Committee, to discuss via video conference on the Investment Policy Review (IPR) of Thailand.  The Meeting was honoured to have Mr. Soonthorn Chaiyindeepum, Deputy Permanent- Secretary, Ministry of Foreign Affairs and Mr. Masamichi Kono, Deputy Secretary-General of the OECD, to deliver opening remarks.

 

Investment Policy Review (IPR) is conducted under Thailand Country Programme since 2018 under the coordination between the Ministry of Foreign Affairs and the OECD.  The IPR aims to assess policies related to investment and provide concrete recommendations for governmental agencies in Thailand to improve investment environment to maintain competitiveness, so as to achieve the Government’s goal to overcome the middle income trap.

 

During the Peer Review, information and comments were exchanged among participants regarding the global economic and investment landscape, Thailand’s investment promotion policy, including those measures that needed to be improved for further investment liberalization, Responsible Business Conduct and investment for Green Growth.  It is expected that the IPR will be finalized and launched in September 2020.