Jump to content

Cabinet Plans Airport City in Eastern Economic Corridor


snoop1130

Recommended Posts

Thai cabinet approves Eastern Economic Corridor free trade zone

 

image.jpeg

 

The cabinet approved a proposal from the EEC (Eastern Economic Corridor) Policy Committee yesterday (Tuesday) to upgrade the status of the EEC from a “special economic zone”to a “free trade zone”, in which incentives, such as income tax breaks, further easing of employment restrictions for foreigners, VAT exemption for tourists buying goods there and permits for 24-hour of recreational activities and liquor sales will be granted to businesses in the area.

 

Deputy Government Spokesperson Rachada Dhnadirek said that, according to the EEC Policy Committee’s proposal, the airport in the EEC will be upgraded to a world-class airportand an aviation and logistics hub for the ASEAN region.

 

To achieve this, she said that several laws, such as those covering customs and excise, will have to be amended, adding that businesses in the so-called “aviation city” will be exempt from corporate income taxes for up to 15 years and their dividends will not be treated as taxable income.

 

Other incentives include 24-hour liquor, sales 24-hour “recreational activities”, a customs checkpoint for the import and export of liquor and tobacco, a tax free zone and a bonded warehouse.

 

Full story: https://www.thaipbsworld.com/thai-cabinet-approves-eastern-economic-corridor-free-trade-zone/

 

Logo-top-.png

-- © Copyright Thai PBS 2022-08-10
 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more!

Link to comment
Share on other sites

All this at an airport that has been shuttered for the last nearly 3 years.

 

In 10 years of flying out of Utapao many dozens of time, I have NEVER been on a full flight from there.  75% full is max I've ever seen.

So where will the demand for this 'Airport City' come from?

However, seeings that it's only a 15 minute drive down the nearly empty Highway 7 extension from me, I am very interested in this "sales 24-hour 'recreational activities'" portion of the plan.  What sort of 'sales' are we talking about here?  :D :D

  • Like 1
  • Thanks 1
Link to comment
Share on other sites

17 hours ago, snoop1130 said:

There will be facilities for around-the-clock services including five-star hotels, department stores, duty-free shops, MICHELIN-starred restaurants, exhibition and convention halls and entertainment complexes.

Pie in the sky and go-go bars.

  • Like 1
  • Haha 1
Link to comment
Share on other sites

Ah, Prayut is trying to make the Eastern seaboard attractive to all those quality tourists, presently from India and the Sands of the Dunes ...... keep up the good work then! 
Sure is, that some of his "team" show up with empty purses and wallets which can be filled in the same exercise ???? 

Link to comment
Share on other sites

That is the new terminal 3 at U-tapau which has apparently been given the go ahead and will start soon.

And there is a development plan for a smart city, but it does not seem to be where they depict on that picture. It is in an area loosely bounded by Phala and Payoon roads easy and west, and the railway line and the beach  north and south, but this shows directly adjacent to the new terminal 3., watch this space i guess!

  • Sad 1
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...