JFCCT urges quick return to democracy

The Joint Foreign Chambers of Commerce in Thailand (JFCCT) is stressing the need for the country to return to a democratically elected government in order to bring back confidence and long-term stability.

"Over the last seven months it became clear that a resolution to the long-term political deadlock would be difficult to achieve, and as a result certain changes to the administration of the country have now taken place for the time being,'' the JFCCT said in a statement.

The organisation represents 29 foreign chambers and business associations with more than 8,500 companies including the Japanese Chamber of Commerce, the largest foreign investors in Thailand.

"There was loss of life during this period, which was sincerely regrettable. It is now important to focus on what can be achieved moving forward," the statement said.

"Thailand needs to return to a democratically elected government, in order to bring back confidence and long-term stability. The business community and others have noted that major changes are necessary.

''A dialogue among stakeholders as to what those changes should be is beginning to take place. Changes in regards to political and social issues are for Thai citizens to discuss and agree upon. However, as foreign investors and stakeholders in the economy, the JFCCT has been asked to contribute on the topic of economic change, which we will gladly support.

"The JFCCT and its members are here to stay in Thailand for the long term. There are already a number of economic changes under consideration aimed at strengthening economic attractiveness, many of which have been part of the JFCCT dialogue for some time. The JFCCT offers its recommendations and looks forward to an ongoing dialogue on such matters."

The JFCCT brings to bear the experience of its members to propose and recommend positive developments and oppose threats. This is done by dialogue and engagement with constructive, concrete proposals.

Meanwhile, executives from seven foreign chambers have met with Gen Prayuth Chan-ocha, chief of the National Council for Peace and Order.

They are the Australian-Thai Chamber of Commerce (AustCham Thailand), American Chamber of Commerce, British Chamber of Commerce, Canadian Chamber of Commerce, South African Chamber of Commerce, German-Thai Chamber of Commerce and Franco-Thai Chamber of Commerce.

"It is good that we can put forward ideas and recommendations to boost confidence in Thailand," said AustCham president Leigh Scott-Kemmis.

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