The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB),Thailand plays a significant role in the Thai economy. It has been continuously regarded as the “engine of growth” to drive the economic growth for many decades. In order to strengthen their roles and activities, both Thai and foreign business communities in Thailand have grouped themselves into various forms, i.e. chambers of commerce, boards, federations, associations, and trade associations. To facilitate the establishment of these various forms of business groupings, the Thai government legislated the Chamber of Commerce Act B.E. 2509 (1964), the Association Act B.E. 2509(1964), and the Federation of Thai Industries Act B.E. 2530 (1987), as the legal framework.
As the apex body of the three core private organizations of the Thai business sector, namely the BOT, the FTI and the TBA, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), equivalent to the chamber of commerce and industry in other countries, was established in 1977 to serve as a central coordinating body in providing recommendations and advice to the Joint Public-Private Sector Consultative Committee (JPPSCC) which is chaired by the Prime Minister, as well as the concerned authorities directly. The JSCCIB has actively participated and made contributions to the JPPSCC in addressing issues and recommendations arising from and/or affecting business practices in all areas, including trade, industry, environment, tourism, finance, banking and others.
The chairmanship of the JSCCIB has alternately rotated among the heads of the BOT, the FTI and the TBA on a four-monthly basis. The office of the JSCCIB was set up and located at the Board of Trade of Thailand building to conduct activities and to serve as a permanent secretariat.
Since its establishment, the JSCCIB has advocated and voiced the collective opinions, recommendations, concerns and aspirations of the private sector to the government in its efforts to promote exports and imports, encourage foreign investment and stimulate economic activity in the country. The JSCCIB has a firm belief that close cooperation between the public and private sectors in the economic development will ultimately enhance the prosperity and economic stability of the country as a whole.