3 The core content of the National Action Plan on Business and Human Rights

3.4 Action Plan on Cross Border Investment and Multinational Enterprises

3.4.2 Challenges

Investment promotion

Government should consider human rights impacts before signing international trade or investment agreements and treaties. Review provisions for a stabilization clause in the investment agreement that will not affect government policies to promote the UNGPs. Measures for business organizations located in the territory or jurisdiction of the sovereignty of Thailand must comply with The UNGPs.

 

3.4.3 Action Plan (2019–2022)

Pillar 1: State duties in protecting (Protect)

 

No.

 

Issues

 

Activities

Responsible agencies Time-frame (2019–2022) Indicators (wide frame) Compliance with National Strategy/ SDGs/UNGPs
3. Promotion of Investment Consider measures to encourage business organizations which are located in the territory or jurisdiction of Thailand’s sovereignty to abide by the UNGPs.

In initiating or developing projects, consideration must be given to public benefits, rights of public participation and impact on people in the area before deciding to proceed with the project

– Office of the Securities and Exchange Commission 2019–2022 Training for business organizations that are located in the territory or jurisdiction of Thailand’s sovereignty to abide by the UNGPs –   National Strategy for National Competitiveness Enhancement

–   National Strategy for Human Capital Development and Strengthening

–   SDG 8 and 16

–   UNGPs Articles 1, 3, 4, 5, 7, 8, 9 and 10

Create awareness, promote and facilitate business for Thai investors going to foreign countries to respect the principles of human rights as well as comply with various rules including regulations regarding human rights of the host country by consider making guidelines for investment in each country –   Office of the Board of Investment

–   Bank for Export and Import of Thailand

–   Office of the Securities and Exchange Commission

–   Ministry of Commerce (Department of Trade Promotion International)

2019–2022 Entrepreneurs who are going to invest in foreign countries trained and educated to respect human rights principles –   National Strategy for National Competitiveness Enhancement

–   National Strategy for Human Capital Development and Strengthening

–   SDG 8, 16 and 17

–   UNGPs Articles 1, 3, 4, 5, 7, 8, 9 and 10