Trade and Business in Thailand, Bangkok

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

1. To analyse the Thai Economy and Foreign Trade (Import, Export, FDI)
2. To know the business opportunities in the Kingdom of Thailand
3. To explore the Thai trade relations with the country of the student
4. To know the Thai Free Trade Agreements (FTAs)
5. To examine the profile of Thai companies
6. To develop a business plan for the Thai market

1. Nanning-Singapore Economic Corridor
   1. Pan-Beibu Gulf Economic Zone
2. East-West Economic Corridor (Myanmar-Thailand-Laos-Vietnam)
3. Asia-Africa Growth Corridor

Thai Market Access and Free Trade Agreements (FTA).

1. Thailand and the Buddhist Economic Area
2. ASEAN (Association of Southeast Asian Nations)
   1. ASEAN Free-Trade Area
   2. ASEAN Economic Community
   3. Mekong Economic Cooperation Strategy (ACMECS)
   4. Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT)
   5. Thailand has Free Trade Agreements (as a member of the ASEAN) with China, India, European Union, Japan, Korea, Russia, and the United States
   6. ASEAN-Australia-New Zealand (Free-Trade Area)
   7. Mekong River Commission (MRC)
3. Asia-Pacific Economic Cooperation (APEC)
4. Indian-Ocean Rim Association (IORA)
5. Bay of Bengal Initiative (BIMSTEC)
6. Greater Mekong Subregion (GMS)
7. Regional Comprehensive Economic Association (RCEP)
8. Global System of Trade Preferences among Developing Countries (GSTP)
9. Thailand has Free Trade Agreements (FTA) in force with the Gulf Cooperation Council (GCC) and China
10. India-Thailand Free Trade Agreement (FTA)
11. European Union-Thailand Partnership and Cooperation Agreement (not ratified)
12. Japan-Thailand Free Trade Agreement (FTA)
13. Chile-Thailand Free Trade Agreement
14. Thailand-New Zealand Free Trade Agreement (FTA)
15. Thailand-Australia Free Trade Agreement (FTA)
16. Laos-Thailand Preferential Trading Arrangement
17. Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) - Candidate Country

Trade Facilitation Programs

1. World Trade Organisation (WTO)
   1. WTO Agreement on Sanitary and Phytosanitary Measures (SPS)
   2. WTO General Agreement on Trade in Services (GATS)
   3. WTO Agreement on Technical Barriers to Trade (TBT)
   4. WTO Agreement on Preshipment Inspection (PSI)
   5. WTO Agreement on Safeguards (SG)
   6. WTO Trade Facilitation Agreement (TFA)
2. World Customs Organisation (WCO)
   1. Revised Kyoto Convention (RKC)
3. International Bureau of Containers and Intermodal Transport (BIC)
4. International Civil Aviation Organisation (ICAO, Chicago Convention)
5. International Maritime Organisation (IMO)
   1. International Convention for Safe Containers (CSC)
   2. Convention Relating to Temporary Admission (Istanbul Convention)
6. Customs Convention on Containers (CCC, UN) - not a member

Asian Trade and Economic Organisations

1. Asian Development Bank (ADB)
2. Colombo Plan
3. Africa-Asia Strategic Partnership
4. Boao Forum for Asia
5. Asia Cooperation Dialogue (ACD)
6. Economic and Social Commission for Asia and the Pacific (ESCAP)
7. Asia-Middle East Dialogue
8. Forum for East Asia-Latin America Cooperation
9. Asia-Europe Meeting (ASEM)
10. Organisation of Islamic Cooperation (OIC) - Observer State
    1. Standing Committee for Economic and Commercial Cooperation (COMCEC)
    - observer country

Global Organisations

1. World Trade Organisation (WTO)
2. International Monetary Fund (IMF)
3. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD)
   2. International Trade Centre (INTRACEN)
   3. Commission on International Trade Law (UNCITRAL)
   4. World Intellectual Property Organisation (WIPO)
4. World Bank (WB)
5. Pacific Economic Cooperation Council (PEEC)

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. Thai Capital: Bangkok
4. Official language of Thailand: Thai
5. 75% of the population are Thai
6. Type of Government: Constitutional monarchy (military junta)
7. Thai Area: 513,120 square kilometres
8. Borders of Thailand: Cambodia, Laos, Malaysia, and Myanmar
   1. Maritime boundaries: Vietnam, Indonesia, and India

The main religion of Thailand: Theravada Buddhism (95% of the population, 64 million).

1. Islam (4%)

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 ASEAN Continental Markets (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 one-ton pickup lorries manufacturer 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 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 transport 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, agricultural export 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 total electronic exports)
3. Thailand is the second largest hard-disk drive exporter in the World
4. The main Export Markets of the Kingdom of Thailand are 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

❮ Samples - Business in Thailand ❯

(c) EENI Global Business School (1995-2022)
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