Thailand is located in the heart of the ASEAN region and therefore enjoys a strategic location and outstanding connections with major countries such as China and India. Thailand is part of the ASEAN free trade zone. With an export-oriented economy, it is the second largest economy in Southeast Asia. Thailand is also part of the Regional Comprehensive Economic Partnership (RCEP), which was built upon the existing ASEAN+1 FTAs to strengthen economic linkages and enhance trade and investment related activities, as well as to contribute to minimising development gaps among the participating countries. RCEP has the potential to deliver significant opportunities for Dutch businesses in the East Asia region, given the fact that the 16 RCEP participating countries account for almost half of the world’s population, contribute to about 30 per cent of global GDP and over a quarter of world exports! Thailand offers numerous interesting opportunities for Dutch entrepreneurs. Annually, the Netherlands exports more than one billion worth of goods to Thailand, making the two countries important trading partners.
Thailand offers opportunities in various sectors. In the field of knowledge and technology, Dutch companies and knowledge institutes can play an important role in further developments. Furthermore, the country has more than 10,000 companies that require innovation and installations. Thailand also experiences great challenges in the field of water management. The government not only encourages local companies, but also foreign companies to participate in novel water projects. Sustainability is also an important aspect of Thailand's National Strategy Plan. The country is seeking to transform to an improved circular economy.
Are you interested in exploiting the many benefits that the Thai market has to offer? Through tailor-made research and more than 30 years of experience, IBR would like to explore your company’s opportunities in Thailand with you.