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US Thailand Treaty of Amity


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Bit of background first, US citizens and US companies can own 100% of a Thai company, the rest of us can only own maximum 49%.

 

https://en.wikipedia.org/wiki/Treaty_of_Amity_and_Economic_Relations_(Thailand–United_States)

 

My question is this, how come other major trading blocks, particularly the EU, have not negotiated an equivalent treaty so that their companies and citizens can own 100% of Thailand companies same as the US? Is it incompetence, weakness, not wanting to rock the boat, or something else?

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