Truckers concerned about liberalisation | Bangkok Post: news

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Truckers concerned about liberalisation

AEC rules bring 'flood of foreign capital'

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Local land transport operators are worried about a possible influx of US and European companies to Thailand through Asean nominees as Western markets decline. 

The Land Transport Federation of Thailand (LTFT) yesterday said local businesses will be at a disadvantage once full liberalisation of the sector occurs under the Asean Economic Community (AEC) in 2015.

The AEC will enable Asean investors to own up to 70% of a business outside of their home country.

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