Thailand’s medium and long-term economic outlook remains bright as it makes progress with development plans aimed at bolstering the business environment, diversifying the industrial base and attracting higher levels of foreign investment. One of these blueprints is the Eastern Economic Corridor (EEC) Act, which was laid out in February this year and established a set of attractive investor incentives for EEC projects. Thailand’s exports also picked up the pace in the second half of 2017 to exceed market expectations, with gross exports rising by 7.5%, the largest expansion recorded since 2011.
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