The strategic location of Thailand in the heart of ASEAN, connected to CLMV fast-growing countries (Cambodia, Laos, Myanmar and Vietnam) makes it an ideal and strategic place for businesses and investors. In addition, the powerful economies of neighboring China and India are also easily accessible from Thailand, which also offers great opportunities for trade and investment.
With an open economy and liberal economic policies, Thailand participates in a large number of bilateral free trade agreements and the ASEAN Free Trade Agreement. This allows companies in Thailand to engage in duty-free trading with 17 different countries, including major global economies such as Australia, China, Japan, New Zealand, South Korea and India in addition to the 9 other members of ASEAN.
As a magnet for foreign investment, the stock of FDI in Thailand has increased from $ 100 billion in 2008 to $ 220 billion in 2017. Thailand's economy has the momentum to become a base even stronger for trade and investment in the immediate future.
The Thai government has developed a long-term infrastructure plan to accelerate economic growth, prioritizing the upgrading of existing infrastructure and the construction of many new projects in many areas, including airports, seaports, roads, rail systems and ICT infrastructure.
To ensure Thailand's economy continues to grow up over the next 20 years, the Thai government has adopted a new economic model plan called "Thailand 4.0", which is focused on transforming Thailand into a value-based economy built upon science, technology, innovation and creativity.
To help and facilitate the investments, the Thai's government has created an official agency: The Thailand Board of Investment. Its mission is to promote foreign investment in Thailand by providing information, services, and incentives to interested foreign investors. The office operates under the aegis of the Prime Minister's Office.