Doing Business in Thailand

Syllabus of the Subject: Doing Business in Thailand. Bangkok.

1. Introduction to the Kingdom of Thailand (South East Asia)
2. Thai Economy
3. International Relations of Thailand
4. International Trade of Thailand
5. Foreign Direct Investment (FDI) in Thailand
6. Thai Advantages
7. Case Study:
   1. Thai automotive industry
   2. Electronics Industry
   3. Stars Microelectronics
   4. Charoen Pokphand Group
   5. Thaksin Shinawatra
8. Doing Business in Bangkok
9. Introduction to the Thai language
10. Access to the Thai market
11. Business Plan for Thailand

The objectives of the subject “Foreign Trade and Doing Business in the Kingdom of Thailand” are the following:

1. To analyse the Thai economy and foreign trade
2. To evaluate the business opportunities in the Kingdom of Thailand
3. To explore Thailand's trade relations with the country of the student
4. To know Thailand's Free Trade Agreements (FTAs)
5. To examine the profile of Thai companies
6. To develop a business plan for the Thai market

Thaksin Shinawatra

Description of the Subject (Doing Business in Thailand).

The Kingdom of Thailand.

1. Thailand enjoys a strategic location in the centre of the ASEAN region, in the Greater Mekong sub-region (Asia)
2. Population of Thailand: 67.2 million people
3. Capital: Bangkok
4. Official language: Thai
5. 75% of the population are Thai
6. Type of Government: Constitutional monarchy (military junta)
7. Area: 513,120 square kilometres
8. Main religion of Thailand: Theravada Buddhism (95% of the population, 64 million). Islam (4%)
9. Borders of Thailand: Cambodia, Laos, Malaysia, and Myanmar
10. Thai Maritime boundaries: Vietnam, Indonesia, and India

Thailand belongs to the Buddhist Civilisation

Thai Economy

1. Thailand is one of the founding members of the APEC ©.
2. Thailand is located in one of the largest growing economic regions in the World
3. Thailand is a newly industrialised country
4. Thailand is a gateway to the continental Markets of the ASEAN (Laos, Myanmar, and Cambodia)
5. All the global car makers, assemblers, and components producers are established in Thailand: Ford, General Motors, BMW, Daimler Chrysler, Mitsubishi, Mazda, Toyota, Isuzu, Honda, and Nissan (1.4 million vehicles produced)
6. The Kingdom of Thailand is the largest manufacturer of one-ton pickup lorries in the World and the seventh largest automotive exporter
7. Thai electronics industry is another pillar of the Thai economy (30 billion dollars, 30% of export revenues of Thailand)
8. Thailand is the largest production base for the electrical appliance industry in the ASEAN (Association of Southeast Asian Nations) region
9. Thai Currency: Baht (THB)

The Economic activities in Bangkok (20% of the population of the Kingdom of Thailand) represents 60% of the gross domestic product of Thailand.

1. Bangkok is competing with Singapore to become a regional hub for air travel within the Southeast Asia region
2. Bangkok is a first-class health care centre in the ASEAN Region

International Trade of Thailand.

1. Top export products of Thailand: processed and frozen food, export agricultural products, electronics, electrical appliances, furniture, fashion garments and textiles, and auto parts and accessories,
2. Top Thai electronics exports are hard-disk and integrated circuits (54% and 29% of the total electronic exports)
3. Thailand is the second largest hard-disk drive exporter in the World
4. Main export markets of the Kingdom of Thailand: The United States, Japan, European Union (EU), Association of Southeast Asian Nations ASEAN (Indonesia, Malaysia, the Philippines, Singapore, Brunei Darussalam, Vietnam, Laos, Myanmar, and Cambodia), India, and the People's Republic of China

Thailand's Market Access and Free Trade Agreements (FTA).

1. ASEAN (Association of Southeast Asian Nations)
2. Thailand has Free Trade Agreements (FTA) in force with India, the Gulf Cooperation Council (GCC), China, and New Zealand
3. Thailand has preferential access to the ASEAN Free-Trade Area and as an ASEAN member has access to several ASEAN's Free Trade Agreements (China, Canada, Australia)
4. Asia-Pacific Economic Cooperation (APEC)
5. Indian-Ocean Rim Association (IORA)
6. Mekong Economic Cooperation Strategy (ACMECS)
7. Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT)
8. Bay of Bengal Initiative (BIMSTEC)
9. ASEAN-Australia-New Zealand (Free-Trade Area)
10. EU-Thailand Partnership and Cooperation Agreement (not ratified)

Thailand is a member of:

1. Mekong River Commission
2. Greater Mekong Subregion (GMS)
3. Asian Development Bank (ADB)
4. Economic and Social Commission for Asia and the Pacific (ESCAP)

❮ Samples - Business in Thailand ❯

(c) EENI- Business School & Hispano-African University of International Business