Cabinet endorses protection pact for Thai investment in Burma
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The Cabinet today approved the Foreign Affairs Ministry's draft pact to protect Thai-Burmese investment, paving way for parliamentary screening.
Deputy Government Spokeswoman Anuttama Amornwiwat said that this pact would protect investors who are doing business in the neighbouring country and give them an assurance in case of disputes.
She said that Thai businesses have invested in 59 projects in Burma with combined value of US$7.4 billion, or 47 per cent of total foreign investment in the country. The biggest investor is PTT Exploration and Production Plc.
