Passes the Eastern Economic Corridor Act
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.
Type: Promotion and facilitation (Special economic zones)
Industry: Not industry specific
- LawPlus Ltd., EASTERN ECONOMIC CORRIDOR ACT B.E. 2561 OF THAILAND, Feb 21, 2018
- The Nation, NLA passes legislation to develop Eastern Economic Corridor, Feb 09, 2018
- Reuters, Thailand approves law for $45 billion Eastern Economic Corridor, Feb 08, 2018