Following criticism of the government’s economic policies that resulted in the relocation of manufacturing bases by international companies from Thailand to neighboring countries, the Board of Investment of Thailand (BOI) has confirmed the government has updated its economic policies to improve the countries’ competitiveness.
The BOI’s Secretary General Duangjai Asawachintachit said the government has made changes to the country’s economic policies to meet the changing global competitive landscape, with more emphasis on high value products, and services using advanced technology, to maintain the export sector’s competitiveness.
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