As a result of increasing production costs in Europe many companies look to Asia and in particular Thailand, to lower these costs and thereby maintain or improve their competitiveness. Thailand has an interest in catching the attention of these possible investors and therefore government institutions are working to attract foreign investment through a number of incentives. As a result, since March 2000 until March 2007, 583 foreign companies have been granted promotion certificates from the two state organizations The Board of Investment (BOI) and The Industrial Estate Authority of Thailand (IEAT).
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