Research On The Thailand Foreign Investment Law

With the further development of economic globalization,when China and Thailand joined ASEAN Free Trade Area Agreement,cooperation in this area started rapidly progressing.Thailand has become one of the most important countries in the world foreign investment.At the same time,the government of Thailand has formulated the relevant laws of foreign capital,so economic development can be promoted by foreign investments.But Thailand investment legal system is still not perfect,in order to better attract foreign capital to develop advance science and technology,there is an urgent need to improve the related industries regulations,to adjust economic and trade cooperation standards between Thailand and other countries,the specific law implementation need further modification to give foreign investors more preferential treatment and at the same time improve domestic investment environment and market regulations.Therefore,it is the purpose and significance of this paper to revise and adjust the relevant foreign investment law system in Thailand by analyzing other countries shortcomings and learning the advantages of their national laws.This paper is divided into six parts.The first part describes the purpose and significance of the topic,research methods and innovative points.The second part is the introduction of Thailand's currently existing foreign investment law,stating the advantages and disadvantages of Thailand foreign investment law.The third part analyzes the reasons of Thailand foreign investment law malfunctions,systematically expounds the existing problems in the present foreign investment law.The fourth part devoted to analysis of legal system in United States of America,United Kingdom and China,comparing their legislation to Thailand law,which in general deficiencies has narrow range of foreign investment access and cumbersome approval procedures,for example restrictions of land ownership,both foreign investment management system and foreign investment regulations have quite complicated procedures.The fifth part puts forward legal measures necessary for improvement of investment environment,to attract foreign capital and investments,and Thailand foreign investment law enforcement itself,legal measure to strength government further consolidation of the preferential policies for foreign investment,legal measures to maintain stability in the investment sphere,and so on.The fifth part also provides examples from western countries,suitable for the actual situation in Thailand.The fifth part consider employees,as important driving force for the development of the national economy,and innovatively proposed improvement of relevant laws for the protection of workers rights,such as "trade union law" and so on.The sixth part summarizes Thailand investment law research and anticipates the future of Thailand economic development and international status after the improvement of the legal system.