Page 33 - Introduction to Investment Laws in Thailand

Treaties with Status Parties Date of Date of
Investment Provisions signature entry into

force
6 ASEAN-Korea In force Korea, Republic 02/06/2009 01/09/2009
of
Investment Agreement
7 AANZFTA In force Australia, 27/02/2009 10/01/2010
New Zealand
8 ASEAN In force 26/02/2009 24/02/2012
Comprehensive
Investment Agreement

(2009)
9 ASEAN-Japan EPA In force Japan 28/03/2008 01/12/2008
In force United States of 25/08/2006 25/08/2006
11 ASEAN-US TIFA
America
Source: UNCTAD Investment Policy Hub, International Investment Agreements
Navigator: Thailand, accessed 30 June 2021,
https://investmentpolicy.unctad.org/international-investment-
agreements/countries/207/thailand

After more than eight years of negotiations, ASEAN member states
and five other Asia-Pacific countries, Australia, China, Japan, Korea and
New Zealand, concluded the Regional Comprehensive Economic
Partnership (RCEP) in November 2020. The RCEP Agreement comprises
20 chapters and includes rules and disciplines on investment. The
Investment Chapter covers the four pillars: investment protection,
liberalisation, promotion and facilitation.

Thailand has not signed any new BITs since 2015. Thailand’s approach
has shifted from negotiating BITs to prioritising investment agreements or
chapters as part of broader trade agreements, both bilaterally (with
Australia, New Zealand, Japan and Chile) and with ASEAN+ partners
(Australia, China, Hong Kong (China), India, Korea and New Zealand). The
Government has put an effort in harmonising and updating Thailand’s
approach to investment treaties through the revision of the model BIT as

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