Page 20 - TICA Membership Directory 2016-2017

GATEWAY TO ASEAN

Thailand has a long established reputation as a supporter Government support
of free and fair trade. Its appeal as a base for production
for leading international companies is enhanced even Much support is available for investors from numerous
more by numerous free trade agreements. government agencies. Through the Board of Investment
(BOI) the government offers a range of tax incentives,
Another of the many positives is the fact that Thailand is support services, import duty tax exemptions or reductions
consistently ranked among the most attractive investment to an extensive list of promoted activities. Other government
locations in a range of international surveys. The World organisations, for example - the Department of Export
Bank’s 2010 “Ease of Doing Business” report placed Promotion, are extremely helpful and the international
Thailand as an impressive 12th easiest country in the chambers of commerce also provide invaluable support
world in which to do business. and a host of other important services.

There is the secure knowledge that investing in Thailand’s form of government is a constitutional monarchy,
Thailand gives foreign companies a hugely powerful with the Thai Royal Family held still in high regard.
export base with plentiful developed industries and There is a strong devotion to Buddhist teaching, however,
also crucially, strong and established supply chains. although the vast majority of the people in Thailand
Thailand has an impressive average growth rate of share the Buddhist religions, but all faiths are welcome.
8-10% over the past decade. His Majesty the King is patron of all religions.

Another significant factor is Thailand can boast labour The country enjoys political and social stability. It has a
costs which are relatively low, ranging from $6.75 USD globally renowned reputation for the friendliness and
to $9.75 USD per day for a minimum wage. In addition, tolerance of its indigenous population towards foreigners.
it also has an exceptionally well-educated workforce. Importantly too, is the gracious welcome to guests
Every year more than 18,000 engineering graduates and a can-do customer service orientated mindset. This
and some 87,000 general science and technology is characterized by a nothing is too much trouble
students receive degrees from more than 60 public outlook to make sure that travellers, business people,
and private universities. Further strengthening event organisers and delegates achieve their objectives
Thailand’s broad global appeal for international while visiting Thailand. The richness and diversity of Thai
commerce is the fact that literacy rates are as high culture also makes people feel at home very easily
as 96%, which means investors can be sure that and quickly.
employees in the country are among some of the best
educated in Asia.
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MICE GUIDE TO THAILAND