In business, location matters, and Thailand is the ideal gateway to Asia with preferential market entry into China, India and members of the Association of Southeast Asian Nations (ASEAN). With control of the only land route in Asia to Malaysia and Singapore and 6 deep sea ports, the country offers easy access to Asia’s almost 4 billion consumers with the fastest spending power growth in the world.
As the second largest member of ASEAN, companies in Thailand are also part of the intra-ASEAN trade network worth more than $1 trillion a year. Investors can leverage Thailand’s position within the ASEAN Free Trade Area (AFTA) and enjoy low customs duties ranging from 0% to 5% to export products to a region that is home to more than 580 million people.
Locating in Thailand offers investors enhanced opportunities in numerous industries such as automotive, machinery, electrical and electronics, agro-industry, biotechnology, renewable energy and high value-added services for the Asian markets.