Doing Business in Thailand Bangkok. Thai economy

Course summary (Business in Thailand)

The Kingdom of Thailand enjoys a strategic location in the center of the ASEAN (Association of Southeast Asian Nations) region, in the Greater Mekong sub-region. Thailand is one of the founding members of Asia-Pacific Economic Cooperation (APEC) ©. Thailand is located in one of the biggest growing economic region of the World.

• All of the global carmakers, 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 in 2008.
• The Kingdom of Thailand is the biggest manufacturer of one-ton pickup trucks of the world and the 7th biggest automotive exporter.
• The Thai electronics industry is another pillar of the economy (30 billion USD, 30% of export revenues of Thailand). Top Thai electronics exports are: hard disk and integrated circuits (54% and 29% of total electronic exports). Thailand is the 2th biggest hard-disk drive exporter in the world.
• Thailand is the biggest production base for the electrical appliance industry in ASEAN (Association of Southeast Asian Nations) region.
• Population of Thailand: 67.2 million people. Official language: Thai

International trade of Thailand

• Thailand has Free trade agreement in force with: India (CECA), Gulf Cooperation Council, China, New Zealand (Closer Economic Partnership)
• Thailand has preferential access to the ASEAN Free Trade Area and like a ASEAN member has access to several Free trade agreements of ASEAN (China, Canada, Australia ...)
• Main export markets of the Kingdom of Thailand: United States, Japan, European Union, Association of Southeast Asian Nations ASEAN (Indonesia, Malaysia, Philippines, Singapore, Brunei Darussalam, Vietnam, Laos, Myanmar and Cambodia), India, People's Republic of China ...
• Top export products of Thailand: processed and frozen food, agricultural export products, electronics, electrical appliances, furniture, fashion garments and textiles, auto parts and accessories, etc.

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

• Bangkok is competing with Singapore to become a regional hub for air travel within Southeast Asia region.
• Bangkok is recognized as a 1st class health care center in the ASEAN region.

Example doing business in Thailand:

EENI in Thai language: มหาบัณฑิต ในการค้าต่างประเทศและตลาดต่างประเทศ.