Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.
Thailand maintains an open, market-oriented economy, and encourages foreign direct investment as a means of promoting economic development, employment, and technology transfer. Thailand continues to be a prominent destination for foreign direct investment, and many U.S. multinational and small- and medium-sized companies alike have invested successfully in the country. Thailand continues to welcome investment from all countries and seeks to avoid dependence on any one country as a source of investment. Please refer to the website of Thailand Board of Investment (BOI): https://www.boi.go.th/en/intro/
Thailand’s economic growth has created opportunities for U.S. companies in a number of infrastructure sectors, including electrical power, telecommunications, and renewable energy. With the Thai government’s recent Eastern Economic Corridor (EEC) initiative, industry clusters that would benefit more are those involved in the following areas: next-generation automotive, smart electronics, biofuel and biochemical, food for the future, the digital economy, medical hub, automation and robotics, aerospace, agricultural and biotechnology, and affluent medical and wellness tourism. More information about the Eastern Economic Corridor (EEC) initiative can be viewed at https://www.eeco.or.th/en
Thailand’s market offers opportunities for U.S. aerospace and defense equipment, construction and transportation equipment, medical devices and healthcare products, ICT equipment, oil and gas equipment, liquefied natural gas and related services, engineering services, power generation, outdoor recreation equipment, franchising, environmental technologies (especially air pollution control equipment), beauty products and dietary supplements, food processing and packaging equipment, among others.