Chutima Bunyapraphasara, Permanent Secretary of the Thai Ministry of Commerce said the National Council for Peace and Order (NCPO) set by the military junta has agreed to allow the commerce ministry's request to sign the free trade agreement at the upcoming ASEAN economic ministers meeting in Naypyidaw, Myanmar next month.
But Indian investors cannot hold more than 49 per cent shares in Thai businesses.
Chutima told reporters that a free trade agreement (FTA) is set to be signed between ASEAN countries and India concerning investment and services.
Chutima said that an additional 24 occupations will be added after the agreement has been signed bringing the total from 104 to 128 types of jobs or business that are available for Indians to take part in.