Good Regulatory Practices to Support Small and Medium Enterprises

Description

Thailand is reforming its regulatory environment to help facilitate the growth of businesses in the country. Since 2017, the government has focused on reducing administrative burdens to improve the business environment by improving the licensing process and developing online platforms to further facilitate e-commerce. In 2017, the Thai government has committed to improving the regulatory process in its revised constitution. Thailand has also developed a new 4.0 Strategy aimed at transforming the country into a first world nation with the development of future industries. To help small and medium-sized enterprises (SMEs) link up with global value chains (GVCs), the government has established dedicated industry clusters to support the growth and development of priority industries domestically and abroad.  Read more...