Passes the Eastern Economic Corridor Act
08 Feb 2018
On 8 February 2018, the National Legislative Assembly passed the Eastern Economic Corridor (EEC) Act. The new act provides incentives such as tax grants, the right to land ownership and the issue of visas. It also sets out the rules to expedite various approval processes for investors in the ECC. The Thai government aims to attract investment through development of the EEC, which is a special economic zone located in 3 provinces; Chachoeongsao, Chonburi and Rayong.
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Type:
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Promotion and facilitation (Special economic zones)
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Industry:
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Primary (Agriculture, forestry and fishing)
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Manufacturing (Manufacture of chemicals and chemical products, Manufacture of computer, electronic and optical products, and electrical equipment, Manufacture of machinery and equipment n.e.c., Manufacture of transport equipment)
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Services (Transportation and storage, Telecommunications, Computer programming, consultancy and related activities, Other professional, scientific and technical activities, Education, Human health activities, Other service activities)
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