UK export of goods to Thailand increased by 28% in 2011 to Â£1.36 billion.
While Road vehicles accounted for 33% of this, with a population of 67 million and the 2nd largest economy in Southeast Asia, there are large and growing markets for advanced engineering and specialised machinery, medicines and pharmaceutical products, petrochemicals, power & railways.
Thailand has been proactive, making changes to facilitate growth in international trade. A good example of this is how in 2004 the Thai import duty on pleasure boats was reduced from 245% to 0%. Export of yachts from Thailand surged more than 1000% in 2006 spurred by the rapidly growing number of primarily foreign owned larger yacht manufacturers established in the country, there were just 3 in 2004 and more than 40 in 2006.
Click on the links below for more information on Doing Business with Thailand and the sector opportunities mentioned above:
UKTI Doing Business in Thailand
British Chamber of Commerce Thailand
DDH Global provides the missing link for UK based Small and Medium-Sized businesses (SMEs) seeking to grow geographically.
Or contact our man in the region: Matthew Haysom, Director â€“ APAC, InAsiana, email@example.com