Monday, December 2, 1996
ISSN: 0511-4187; Volume v32; Issue n48
Remarks on the Thailand-United States Taxation Treaty in Bangkok, Thailand.
Total number of pages for this article: 2 FULL TEXT
� November 26, 1996
� Mr. Prime Minister, Mr. Deputy Prime Minister, Ambassador Itoh, the
members of the Thai and the American business communities, ladies and
gentlemen, the tax treaty we are about to sign brings to a close 15
years of negotiations and opens a new era of trade and investment
between Thailand and the United States.
� Mr. Prime Minister, let me personally thank you for pressing for the
conclusion of this treaty. I know how hard you worked and I know how
much it meant to you. Thank you very much.
� Our countries already enjoy a thriving and growing economic
partnership. The United States is Thailand's largest export market, its
second largest trading partner, with two-way trade in excess of $18
billion a year. But until today our companies were at a competitive
disadvantage since many other countries already have treaties with
Thailand that prevent double taxation in the home country and in
Thailand. Now a more level playing field will encourage our businesses
to play an even larger role in Thailand's economic success story: to
sell their products, to make investments, to share technology, to help
to develop Thailand's remarkable human resources through training.
� The success story of Thailand has been called a miracle. A more
down-to-earth and realistic explanation lies in the hard work and fierce
determination of the Thai people and the enlightened leadership of their
government. You have proved that human resources matter the most if
reminds us that governments do not create wealth but governments can
create the climate in which our workers, our entrepreneurs, our
investors and business people can have a free and unfettered opportunity
to thrive. That is our goal with this treaty, our goal with the civil
aviation agreement recently signed, with the Thai Parliament's decision
to set up an intellectual property rights court, with the ongoing
consideration of a strong patent protection law.
� Let me say to the members of the American business community who are
here today and here in Thailand every day, the growth of our economy and
the quality of our jobs is strengthened by your leadership. By trading
and doing business beyond our borders, you keep our Nation engaged in
the frontlines of the global economy and global opportunity. To you, to
our Thai partners, to the members of both governments whose hard work
has brought us to this day, I thank you for your dedication and for your
vision. The 21st century can be a time of remarkable possibility if we
give people an opportunity to make the most of their potential. Today
the doors of opportunity have been opened a little wider, and all of you
who played a part in that effort can justly be proud.
� Thank you very much.
� NOTE: The President spoke at 11:26 a.m. in the garden at the Grand
Palace. In his remarks, he referred to Prime Minister Banhan
Sinlapa-acha and Deputy Prime Minister Amnuai Wirawan of Thailand and
U.S. Ambassador William H. Itoh. Following the President's remarks,
Ambassador Itoh and Deputy Prime Minister Amnuai signed the treaty. A
tape was not available for verification of the content of these remarks.