Page 19 - TICA'S MICE GUIDE TO THAILAND 2018-2019

gateway to

asean

There are various factors that have cemented
Thailand as a true gateway to ASEAN, including
location, domestic market, networking, political
and social stability, and of course, potential for
growth. This recognition as a nation that can
access the largest economic sector in the
world, with a market population of over
622 million people, has attracted an abundance
of foreign investors in key industries.
These include machinery, electrical, automotive,
biotechnology, renewable energy and agro-
industry, which can be viewed as the partial
stepping stones of transforming Thailand into
a nation that fulfils the ‘Thailand 4.0’ vision of
innovation and sustainability.

A key factor of Thailand’s success is attributed
to location, as the nation presents itself as
the ideal geographical ‘gateway’ to Asia, while
benefitting from preferential market entry into
powerful nations, such as China, India and
Singapore, as well as for developing economies
of the Greater Mekong sub-region. Additionally,
Thailand is also in possession of many advanta-
geous land routes, including the only one that
connects to Malaysia and Singapore, and a
Friendship Bridge between Thailand and Laos
that also links with the Asian Highway Network.

TICA MEMBERSHIP DIRECTORY 2018 - 2019
TICA MEMBERSHIP DIRECTORY 2018 - 2019 17