Over the last several months the local and international press have carried articles about foreign chambers of commerce and embassies appealing to the Thai government to rethink the draft changes to the Foreign Business Act, B.E. 2542 (FBA), arguing these proposed changes to Thai law will hurt future and existing foreign investors and violate Thailand's WTO obligations. Why are the proposed changes to the FBA so controversial and how might they affect existing and future foreign investment? To better understand this controversy, we start with some background and history on the FBA.
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