Thailand

Thailand’s economically important tourist areas were among the hardest hit by the tsunami disaster, leading economists to predict anything from one third to a full percentage point cut in economic growth in 2005. However, Thai authorities were quick to pledge financial aid for rebuilding tourist infrastructure, and private companies began rebuilding soon after the disaster.

Thailand offers investors several advantages. It lies at the heart of Asia and is a gateway to south-east Asia and the Greater Mekong sub-region, where emerging markets offer great business potential. Its location is convenient for trade with China, India and other Asian countries.

Thailand is socially and politically stable and shows steady economic expansion. Abundant natural resources and a skilled workforce sustain economic confidence, leading to rapid growth in industrial sectors.

Modern transportation, communications and IT networks ensure attractive business and living conditions. State-of-the-art industrial estates boast sophisticated facilities and superior services. The government’s investment policies focus on liberalisation and encourage free trade. Foreign investments, especially those aimed at promoting skills enhancement, technology and innovation, are highly encouraged. Tax incentives, support services and import duty concessions are offered to businesses regarded as priorities and value-added services, such as entertainment, healthcare and tourism.