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Article

26 Sep 2017

Author:
Pratch Rujivanarom, Nation (Thailand)

Thai National Human Rights Commission & agencies overseeing outward investment urge Thai companies to respect human rights in countries where they operate

Agencies that oversee direct investment in other countries met with the National Human Rights Commission (NHRC) to report on their progress relating to Cabinet resolutions issued on May 16, 2016 and May 2, 2017, which called for Thai foreign investors... to come up with strategies to prevent adverse impacts to the environment and local people’s livelihoods, and ordered relevant agencies to promote a good understanding among investors to respect human rights... Human rights were highlighted as a critical issue, as the NHRC has received 12 complaints about Thai investments... Atthasri Soithong, from the Board of Investment of Thailand (BOI) ... [has] tried to encourage investors to comply with the law and regulations of the destination country... “We have to balance between the profit for business and corporate social responsibility, as investing in other countries already has a high risk.”

(Refers to Italian Thai Development Public Company, Myanmar Pongpipat Co, CH Karnchang PCL, Mitr Phol)