Thailand Smiles for You!
Resurgent economic growth and confidence in Thailand makes it an attractive business destination.
- GDP growth of 5.5% projected for 2007
- Strong export sector expected to expand at 15.3% in 2006
- Food processing accounts for 15% of manufacturing output
- Agricultural products contribute 14% to export earnings
- A major export-oriented economy and one of the most diversified economies in South East Asia
- Export industries are reorienting themselves to the huge US, Japan and EU markets
Thailand’s Many Strengths
- Thailand is a signatory to the ASEAN Free Trade Area (AFTA).
- ASEAN is one of the largest collective markets in the world with total trade valued at US$700 billion
- AFTA is expected to increase intra-ASEAN trade and attract more foreign direct investment
- At present, 5% tariff rate for most countries in the organisation. By 2010, all import tariffs will be removed
Thailand’s Food Industry
Thailand’s strength in food exports have driven the high levels of investment in food processing, packaging technology and sophisticated equipment and made Thailand an important centre for the hospitality, retail and franchise industries.
Thailand is the ideal location for THAIFEX – World of food ASIA and for you to reach out to a truly regional audience.
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