2014 Trade and Investment Profile
The Kingdom of Thailand is located on the western side of the Indochina Peninsula. It faces the Andaman Sea and the Union of Myanmar to the west, Laos and Cambodia to the north and east, and Malaysia to the south.
With its strategic geopolitical position and significance as the second largest economy in the Association of Southeast Asian Nations (ASEAN), Thailand plays a major role in promoting regional cooperation and integration. Having attained upper middle income status based on services and manufacturing. As one of the world’s largest exporters of semiconductor components and devices, electrical goods, solar panels, and information and communication technology (ICT) products, the country aspires to reach higher-income status within the next two decades.
However, since the late 1990s, economic growth in Thailand has been impeded by global economic shocks, natural disasters, socio-political tensions, and relatively low investment. Other challenges to growth have included persistent inequality, environmental degradation, and an aging population.
With well-developed infrastructure, a free-enterprise economy, generally pro-investment policies, and strong export industries, Thailand is offers many investment opportunities.
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