Table of Contents
BOI makes policy on technology trading:
The Board of Investment (BOI) has made a policy on technology trading. They are taking regulatory steps to promote technology innovation in the country. The BOI is providing incentives for technology companies that want to come up with products and services related to technology, communication, digital economy, aerospace, water conservation, and agriculture sectors. They will also provide technology companies with easier access to the market.
– Technology related firms in Thailand can now easily move their technology products into other countries
– BOI is taking steps to make technology trading more flexible for technology innovators in Thailand
Trading aims:
The BOI policy on technology trading aims at creating an environment conducive to business operations by promoting Japan’s ‘Cool Japan’ initiative and fostering collaborations between Japanese technology companies, universities, R&D institutes, and Thai enterprises (in particular small/medium-sized businesses)
– The BOI is also looking to attract foreign technology companies and investors that are interested in expanding their businesses into Thailand
This policy will help promote technology innovation in the country. By making it easier for technology companies to do business, the BOI is paving the way for more technological advancements in Thailand. This will benefit both the Thai people and the economy as a whole. So far, it seems like the BOI has made an excellent decision with this policy on technology trading. Let’s see how it plays out in the future!
The Board of Investment (BOI) has announced a new policy on technology trading. This policy provides incentives for technology companies that want to come up with products and services related to technology, communication, digital economy, aerospace, water conservation, and agriculture sectors. Additionally, technology companies will have easier access to the market under this policy.
Policy Aim:
This policy is aimed at promoting Japan’s ‘Cool Japan’ initiative and fostering collaborations between Japanese technology companies, universities, R&D institutes, and Thai enterprises (in particular small/medium-sized businesses). The BOI is also looking to attract foreign technology companies and investors that are interested in expanding their businesses into Thailand.
So far, it seems like the BOI has made an excellent decision with this policy on technology trading. Let’s see how it plays out in the future!
Importance:
Technology is one of the most important aspects of our lives, and it is constantly evolving. That’s why it’s so important for policymakers to stay up-to-date on technology trends and ensure that any trade policies they enact reflect the current landscape.
The Bank of International Settlements (BOI) recently released a policy paper on technology trading, which provides an overview of technology trade flows and examines how BOI member countries should regulate this type of trade. The report makes several recommendations, including:
– Establishing clear definitions for different types of technology products and services
– Developing guidelines for licensing technology products and services
– Encouraging transparency in technology pricing
– Promoting cross-border cooperation between regulators
These recommendations are important, as technology trade is growing rapidly and has the potential to bring significant benefits to countries around the world. By establishing clear rules and guidelines, BOI can help ensure that technology trade flows smoothly and benefits everyone involved. Thanks for reading!
BOI:
The Bank of Thailand (BOI) has announced a new policy regulating technology trading. The new policy, which came into effect on July 20th, sets out guidelines for technology transfers between Thai and foreign companies. The BOI says that the policy is designed to promote technology innovation and growth in the Thai economy.
Under the new rules, technology transfers must meet certain criteria to be approved. These include: the transfer must result in increased efficiency or competitiveness for the Thai company; the technology must not be available locally, and the receiving company must have sufficient technical capability to use the technology effectively.
The BOI also stipulates that any technology transferred must fall within one of the categories: production processes; research and development.
Technology transfer policy:
The technology transfer policy applies to both foreign companies operating in Thailand as well as those which have been granted a BOI license to use local land or building for their technological activities. In the case of technology transfers from Thai entities, they must meet certain criteria including that: the transferred technology is not protected under intellectual property rights (IPRs), and any risks associated with such technologies will be borne by the recipient company rather than shared between them and the source company. The same conditions apply when subsidiaries are transferring technology overseas using parent funds provided by their Thai parents. If these terms cannot be met, then approval from the Ministry of Commerce may be required before proceeding with such transactions. For more information about technology trading and the new policy, please contact BOI.
Technology transfer between Thai and foreign companies if it increases efficiency or competitiveness for the receiving company. It must not be available locally; technology transferred falls within one of the categories: production processes; research and development; technology support service and technology licensing. The technology received from a subsidiary using parent funds provided by its Thai parents may require approval before proceeding with such transactions if these terms cannot be met. For more information about technology trading and the new policy, please contact BOI.
Criteria:
Technology transfers must meet certain criteria to be approved under this new policy including that: increased efficiency or competitiveness for the Thailand company resulting from transactions supported by the technical capability of the recipient company to use the required technology.
Effectively technology is not protected under intellectual property rights (IPRs) and any risks associated with technology transferred will be borne by the recipient company rather than shared between them and the source company.
