US-ASEAN Back Piracy Move as Foreign Investors Return

Published : July 31, 2010 :: 11:07:29 [ 943 views ]

The US-ASEAN Business Council is allegedly ready to support the proposed removal of Thailand from Washington’s Priority Watch List (PWL) for Intellectual Property Piracy, stated Thailand’s Deputy Commerce Minister on Friday.

Bangkok, the 30^th of July 2010: Speaking after a meeting with the US-ASEAN Business Council, Mr. Alongkorn Ponlaboot (Deputy Commerce Minister) revealed Thailand’s placement on the priority list was due to the continued problem of suppression and prevention of intellectual piracy in several forms.

Due to the increased attention and success of authorities in controlling such incidents, Mr. Ponlaboot has lobbied the US-ASEAN Business Council to support a move for Thailand to be transferred to the lower category Watch List (WL) by Washington.

Meanwhile, Mr. Ponlaboot’s involvement at the US-ASEAN Business Council revealed that the majority of foreign investors had renewed confidence in the Thai economy, due in part to expected growth of around 10% in 2010 and the nation’s successful turnaround following recent political tensions in the capital.

The United States has reportedly show interest in several entrepreneurial investment projects, while Ford Motors is expected to invest more than US$450 million in a production facility based in Thailand in the near future.

In support, Bank of Thailand (BoT) Deputy Governor Bandid Nijathaworn revealed a steady strengthening in the return of foreign capital investment in the Stock Exchange of Thailand (SET). Mr. Nijathaworn explained that the continued strengthening of the US economy and steady progression in the resolution of the ongoing European debt crisis had seen the return of foreign capital inflows in both the stock and bond markets of the SET.

Despite these positive findings, Mr. Nijathaworn expressed concerns regarding the unresolved unemployment rate increase in the US and the inability of several leading nations to adopt fiscal policies aligned at stimulating their stagnant economies. Although he still expected the Thai economy to grow inline with previous predictions, Mr. Nijathaworn pointed out that all sectors of the economy were still very speculative and low on confidence.

Comments

Stock Tips

said :

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Stock Tips

Email : sharetipslive@gmail.com Date : 2011-06-20 10:48:21

LookMoo

said :

julie: To run for the The Congress is very, very expensive.. Whom do you think is paying the bill?? ..Right big-corp. As you may know from time to time banks and industry wants to be bailed out (risk free capitalism). They also wants to clear the competition in other countries.

Email : hakanhansson@hotmail.com Date : 2010-07-31 17:14:11

Julie

said :

Gee bob, you live in USA and talk like that? Something went wrong in your life. Thailand is hypocritical because it pays and pays big. The DVD's the sex Hostess Industry all illegal in Thailand but they just overlook it.
Copies of Windows and copies of anything are available here for cheap.
This article is a joke!

Email : julie@everbored.org Date : 2010-07-31 13:10:49

Bob

said :

Screw the USA, their Government only cares about large greedy corporations. You cannot even buy ink tanks for your printers in the so called free USA.

Email : Bob@toobad.com Date : 2010-07-31 11:47:25

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