Thailand is a major member of the Association of Southeast Asian Nations or the ASEAN. What is the ASEAN? If you want to do business in Thailand and in the other Southeast Asian nations, then you need to have an understanding of the goals and missions that the ASEAN has laid out for its member nations.
Let us look at the history and the aims of the organization, as well as the milestones that it has achieved as a group over the years. more
Thailand is an investor-friendly country. The passing of the Foreign Business Act now makes it possible for international companies to set up their operations in Thai jurisdiction, and even receives incentives for investing into the local economy.
The Act does have restrictions, i.e. what sectors a foreign-owned company can compete with local companies and the rules on foreign ownership, especially against the practice of using nominee shareholders in order to establish a foreign-owned business in Thailand. more
The Asia-Pacific region is becoming a pivotal area in world affairs, particularly in economics. In previous decades, European nations and the United States dominated the world stage when it came to economic growth immediately after the conclusion of the Second World War. Now, 70 years later, it’s Asia’s turn to shine.
In Bloomberg’s recently published list of 20 thriving economies around the world, a large number in the list are countries in the Asia-Pacific region. Let us look at some of what we’ll call the “rising economies” of Asia. more
In this age of international trading, it is common to see nations negotiating and entering into free trade agreements with other countries. These agreements, called FTAs, are intended to facilitate higher quality of inter-country trading between the participants across various sectors and industries in their jurisdictions.
Being a prime economic power in Asia, it is only natural, and imperative even, for the Kingdom of Thailand to enter into these FTAs. Right now, Thailand is a signatory in FTAs with the nations of Japan, Australia and the United States, among others. more