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Thailand's Deputy Commerce Minister says the country is moving ahead with preparations for free trade services in the ASEAN Economic Community.
Under the scheme, investors from member countries may hold 51 percent or more in any service business. The minister says Thailand will focus on pilot sectors including telecommunications, computer services, health, tourism and aviation. ASEAN investors will be allowed to hold at least 75 percent in these sectors in 2015.
Member nations are working to expand service liberalization covering 12 sectors. The aim is to reduce investment barriers, as well as building higher standards for skilled personnel to relocate and work in other ASEAN countries.
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