Thai – 2nd – Trade
Chapter 3
| 3.4 Action Plan on Transboundary Investment and Multinational Enterprises 3.4.5 Action Plans and Indicators Duty of State |
| No. | Issues | Connections to UNGPs | Project/activity | Responsible Agencies | Time frame (2023-2027) | Indicators | In Compliance with National Strategy / 13th National Economic and Social Development Plan / SDGs/ UNGPs. |
| 3 | Developing proactive mechanisms to detect, improve, prevent, assess, and monitor impacts of transboundary and overseas investment | 1 | 3.1 Develop measures to monitor Thai investors who invest in foreign countries to respect human rights, UNGPs, and BCG Model. | Main Agencies – Ministry of Justice (Rights and Liberties Protection Department) Supporting Agencies – Ministry of Foreign Affairs | 2023-2027 | Measures/mec hanisms to regulate transboundary investments | National Strategy on Public Sector Rebalancing and Development – The 13th National Economic and Social Development Plan, Milestone 13 – SDG 16, 17 – UNGPs Article 1, 3, 4, 5, 7, 8, 10 |
| 3.2 Review and consider amending the scope of power of the Sub Steering committee for National Action Plan on Business and the National Human Rights Commission of Thailand and other sectors which are responsible for reviewing complaints from business operators that invest locally and internationally. This will enable effective, prompt, fair, and independent investigation, coordination, litigation, and remedial processes. It will also facilitate negotiations and resolutions.* | Main Agencies – Ministry of Foreign Affairs – Ministry of Justice (Rights and Liberties Protection Department) | 2023-2027 | The study findings, review, monitoring mechanism, management, coordination, execution, and remedy of cases of business operations for both local and transboundary investment | National Strategy on Public Sector Rebalancing and Development – The 13th National Economic and Social Development Plan, Milestone 13 – SDG 8, 16 – UNGPs Article 24, 25, 26, 27, 28, 29, 31 | |||
| 6 | Investment promotion | 1 | 6.1. Emphasize the importance of promoting and supporting Thai investors and businesses, both domestically and internationally, to engage in Corporate Social Responsibility (CSR) activities that align with the state’s investment policies and public interest. These activities include basic human rights protection, environmental conservation, and public health. | Main agencies: Ministry of foreign affairsMinistry of governance | 2023-2027 | Negotiating agreements to promote and protect investments and investment provisions under free trade agreements, which include policy space for the state to implement measures for public benefit. This may also encompass provisions supporting CSR activities that align with human rights principles. | ‘ – National Strategy for Enhancing Competitiveness – National Strategy for Human Resource Development and Enhancement – The 13th National Economic and Social Development Plan, Milestone 8 – SDG 8, 16, 17 – UNGPs Article 1, 3, 4, 5, 7, 8, 9, 10 |