BUSINESS WITH THAILAND :
|Central Location||Being a central economic location in Southeast Asia, the Kingdom of Thailand is used by many foreign companies as a home base for further expansion in the Asian region.
Due to the implementation of AEC (ASEAN Economic Community) in 2015, this position will most likely be intensified.
The country has plenty of natural resources and offers a good infrastructure.
|Growth||GDP is expected to grow by 3.2 % in 2015. (Asian Development Bank)|
|The National Council of Peace and Order (NCPO) - which is in power currently - have started several initiatives’ to support growth. However some projects will only take effect by 2015.|
|Stable Framework||The kingdom of Thailand has a stable financial business environment and offers manifold opportunities for investments.
The most important aspects of the Thai economy are engineering, the production of automobiles, construction and chemical industries, electronics, food products and tourism.
|Renewable Energies, Energie Efficiency||The economic growth of the past years and the expected strong growth of the upcoming years come along with a significant increase in energy consumption. In 2011 consumption was at 70,562 ktoe . In 2012 it was at 73,316 ktoe and 2013 at 75,214 ktoe. The latest figures show that only 44% of energy demand was covered by domestic sources in 2012. According to the Department of Alternative Energy Development and Efficiency (DEDE) energy imports in 2012 amounted to THB 1,125 bn..|
|Given this development, Thailand is massively expanding its energy production from renewable sources, which results in a substantially increased demand for reliable and efficient technology in this sector.|