Why Thailand?
- High Degree of Balanced Global Trade: in 2019, Thailand’s total exports reached USD 20.8 billion, and total imports reached USD 20.3 billion, with the country enjoying a healthy trade surplus (source: www.ceicdata.com)
- Competitiveness: In the Global Competitiveness Report 2019 by the World Economic Forum, Thailand was ranked the 3rd most competitive nation within ASEAN, and the 40th most competitive nation in the world. Thailand’s financial system was ranked 16th in the world, and the country ranked 18th in the world for market size (source: weforum.org)
- Ease of Doing Business: Thailand is the 21st easiest economy in the world for doing business, according to the Ease of Doing Business Report 2019 released by the World Bank (source: www.doingbusiness.org)
- Supportive Government Policies: Government policies allowing for economic and business development, including easily accessible business visas, trade benefits from membership of the ASEAN Free Trade Area (AFTA), and attractive tax incentives
- Thailand is an attractive location for multinationals party due to the availability of low cost of labour
