| Currently, a good deal of erroneous information | | | | The Treaty of Amity was signed in 1966 and |
| circulates about the Treaty of Amity and | | | | replaced an older treaty and was basically an |
| Economic Relations between the United States | | | | updated version. There were several important |
| and Thailand or just the Treaty of Amity, an | | | | rights conferred in the treaty, not the least of |
| appellation preferred by most expatriates. The | | | | these was the right of Americans to own all the |
| confusion arises from its uncertain standing with | | | | shares of stock in a Thai Limited Company and |
| regard to the WTO treaty signed by Thailand | | | | for that company to receive "National |
| nearly fifteen years ago and the, now stalled, | | | | Treatment.In the eyes of Thai law the Treaty of |
| Free Trade Agreement between the Kingdom of | | | | Amity Company with an American majority |
| Thailand and the United States. Some ponder | | | | owner is treated as if the majority owner were |
| whether the Treaty is still the law and if it is, then | | | | Thai. Thus, an American company recognized |
| how much legal protection does it offer? | | | | under the Treaty of Amity is not seen as |
| A QUICK EXPLANATION OF THE TREATY AND | | | | "foreign," but instead as a Thai company. |
| ITS HISTORY | | | | |