Over the last 40 years, Thailand made progress in social and economic development as it moves from a low-income country to an upper income country. In 2017, Thailand has laid out its long-term economic goals in its 20-Year National Strategy for attaining increase growth which has lagged its regional neighbours over the past few years.
With a new constitution and electoral system and a general election scheduled for this upcoming November 2018 is going to be an important year for Thailand. The EABA mission will allow participants to gain insights into the resumption of electoral politics of Thailand and to meet with high-level key policy makers to learn more about regulatory trends, and policy initiatives.
Half-way into its term, the Vietnamese government continues to steer the country towards liberalization while implementing administrative and business reforms.
Vietnam continues to capitalize on favorable macroeconomic trends such as the migration of manufacturing south from China and on expanded trade relationships with a diverse roster of commercial allies. With GDP growth of 6.8 percent in 2017, Vietnam is again a top performer in ASEAN and developing markets and has attracted record levels of foreign director investment.
Participants in the mission will receive first-hand updates and viewpoints from Thai and European policymakers and give input to relevant government bodies and institutions. Through direct interaction with key stakeholders, mission delegate will gain an understanding of the policy directions, regulatory developments, and political climate of Vietnam.
Join us when the EABA visits Malaysia on October 22 to 24 to gain a better understanding some of these major policy decisions that are being made in the early days of the new government and what the new Malaysian government wants to do next.
Malaysia’s 14th General Election in May 2018 saw an unprecedented change of government, ending UMNO’s 61-year rule since independence in 1957. Following his appointment as the Prime Minister Dr Mahathir Mohamad had made major political decisions, most notably freeing his former political rival turned ally, Anwar Ibrahim who was imprisoned in 2015. Mahathir had also promised to restore democratic institutions, in a scale perhaps not seen before in recent years in Southeast Asia.
More importantly the Mahathir administration had also made decisions that could potentially impact the business environment in Malaysia. The government had zero-rated the consumption tax, which was projected to contribute almost one-fifth of the national revenue and he had also reinstated fuel subsidies and review major infrastructure projects launched by his predecessor Najib Razak.
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