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EEC Act Comes Into Effect

The EEC Act, officially titled “the Eastern Special Development Zone Act” was enacted on May 10, 2018, published in the Royal Gazette on May 14, 2018, and came into effect on May 15, 2018.

The EEC promoted scheme spans 110,000 rai, and covers 30 industrial zones in 3 provinces – Chachoengsao, Chonburi, and Rayong.

There are ten targeted industries for the EEC: next-generation automotive; intelligent electronics; high-wealth and medical tourism; advanced agriculture and biotechnology; food processing; robotics; aviation and logistics; biofuels and biochemical; digital; and comprehensive medical and health services.
The key benefits for businesses operators in the Special Economic Promotion Zones (“SEPZ”) within the EEC include one or more of the following:

The EEC Act is expected to build up investor confidence in Thailand’s economic potential.  The Thai government will now expedite five infrastructure projects, including a high speed rail to link up 3 airports, Don Muang, Suvarnbhumi and U-Tapao, development of Map Ta Phut seaport, Laem Chabang seaport, and the creation of the MRO hub.

For more information, please contact the EEC Office Thailand. Tel. 02-033-8000, website: https://www.eeco.or.th/en

 

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