Thailand

Thailand is a country renowned for its beauty and serenity as well as for its infamous party scene – from tranquil beaches to boisterous Bangkok, Thailand has proved a highly popular tourist destination, and is now gaining more attention as a destination for business travelers also.

Until the 1997-98 Asian Financial Crisis, Thailand enjoyed years of prosperity, fueled by manufacturing-lead growth. Low labor costs, plentiful natural resources, conservative policies, incentives for FDI and promotion of the private sector all supported the economy, which grew at almost 10% p.a. In the years following the crisis, Thailand’s government took steps to develop infrastructure and to attract back foreign investors by introducing pro-investment policies.

Preferential trade agreements have boosted exports and sustain the country’s growth. Exports of automobile and agricultural production now drive the economy.