At the recent ASEAN meet, the leaders of the member states of Southeast Asia as well their partner countries, including China, have signed into existence the ASEAN Economic Community. From here on, it’s an exciting time for Southeast Asia, including its most prominent contributor and member-state, Thailand.
What does the new Community mean for Thailand? more
Foreigners are absolutely welcome in Thailand. There are laws that are designed to make the country friendly to foreigners, especially those wanting to invest in the economy. There’s the Condominium Act that allows foreign nationals to purchase condo units. There are also free trade agreements that give nationals of certain countries perks when doing business in Thailand.
If you’re the sort who has friends who likes to do business, then chances are one of those contacts has had ideas of investing in Thailand. more
Thailand is considered to be one of the most promising industries that can contribute to the establishment of the ASEAN Economic Community (AEC) by the Association of Southeast Asian Nations, which is set to become reality by December 31 of this year.
First, however, let us take a good look at what the ASEAN Economic Community is all about and what its expressed purpose is. more
Making an investment, as a businessman, into the Thai economy is a decision you can reap advantages from in the long run. As they say, you will not go wrong deciding to make an investment or starting a business in Thailand. However, you can go wrong with a few things if you don’t take care to observe certain measures or take specific precautions.
Make no mistake about it – making an investment is like diving into deep waters. more
We have discussed in a previous article the concept of a tariff and what role it plays in terms of governance and state policy. We also found out that, when there is a Free Trade Agreement in force between two countries, like Australia and Thailand, tariffs are either lowered to a manageable percentage or eliminated totally. more
As mentioned in our previous article, the Association of Southeast Asian Nations, or ASEAN, is currently working on coming up ways to establish an “internal market” between its members. If this internal market comes to being, it comes with many advantages to be shared between the member nations of the association. 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