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ARTICLE · 02 JANUARY 2019

Thailand's Steps Towards Global Competitiveness

With Thailand's elections planned for Q1 2019, a new chapter is around the corner.

United KingdomGovernment, Public Sector
Thomas Jean Lekhal
Thomas Jean Lekhal
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With Thailand's elections planned for Q1 2019, a new chapter is around the corner. Let's take a step back and look at some of the positive changes made to the country's business regulatory landscape in recent years.

Thailand's economy has seen some ups and downs since the Asian Financial crisis, and some may argue regime changes have played a part too. While transitioning from a military regime to a democracy is not new to Thai citizens, it nevertheless marks a milestone that will see new policies and initiatives established. For this reason, I want to take a retrospective look at what's been done so far, and how it will impact the country moving forward.

For more than 15 years, the Ease of Doing Business Thailand project has aimed to encourage the country's economy to compete on the global stage, underpinned by more efficient regulation. Notably in the same year (2002) that the project began, the very first piece of legislation recognising e-signatures, the

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