Thailand Investment Review – February and March 2020

Download the Thailand Investment Review for February and March 2020.

February

After years of anticipation, the era of the Internet of Things (IoT) has arrived. Real products and services are accessible to not only the industrial sector, but also to end consumers. Products such as smart fridges, smart watches, health trackers, smart bike locks, and even a smart yoga mat, have become common in just a few years.

Download TIR – February 2020

March

Thailand’s new digital innovation precinct, Digital Park Thailand, is set to accelerate the countries’ economic and social transformation. The project, also known as the Eastern Economic Corridor of Digital (EECd), has tremendous potential for investors to tap into emerging opportunities offered by the kingdom’s transformation to “Thailand 4.0”.

Download TIR – March 2020

Courtesy of the Thailand Board of Investment.

MOU signed with the Australian Institute of International Affairs

The Australia Thailand Business Council is pleased to announce that is has entered into a Memorandum of Understanding (MOU) with the Australian Institute of International Affairs NSW (AIIA). The MOU will strengthen cooperation between the two organisations, and provide a framework under which the parties can work collaboratively to advance their respective and shared objectives. This will include but is not limited to:

  • Attending both ATBC and AIIA events;
  • Cross promotional opportunities;
  • Co-hosting events; and
  • Exchanging non-confidential information on government policy, trade, and investment opportunities with respect to Thailand, Australia and other ASEAN nations.

About the AIIA

The Australian Institute of International Affairs (AIIA) is an independent, non-profit organisation promoting interest in and understanding of international affairs in Australia, including politics, economics and international law.

The AIIA consists of a number of independent branches, which are located in seven Australian states and territories, and a National Office in Canberra. In addition, close contact is maintained with the Royal Institute of International Affairs, Chatham House, and with sister institutes and similarly minded organisations around the world.

It provides a forum for discussion and debate, but does not seek to formulate its own institutional views. The institute arranges programs of lectures, seminars, workshops, conferences and other discussions, and sponsors research and publications.

The AIIA was formed in 1924 and established as a federal body in 1933 and is the only nationwide organisation of its kind in Australia. It is financed by members’ contributions, tax deductible donations from individuals and businesses, and a small government subvention to the National Office.

You can read more about the AIIA here: http://www.internationalaffairs.org.au/about-us/about-the-aiia/

Doug Blunt, President of the ATBC, said “On behalf of the ATBC, its members and friends, we are delighted to enter in to this MOU. Much like the MOU with our sister organisation AustCham in Thailand, this will give the ATBC a great platform to work collectively and progressively with the AIIA on areas of mutual interest.

The AIIA is nearly a century old and has an outstanding record of promoting informed sensible debate on matters of international importance and public policy for generations. This has never been more important as the entire globe grapples to adjust to the new Coronavirus world, and the ramifications on communities and economies once the pandemic begins to ease. We welcome this MOU, and the ATBC will strive to be a good partner and a good friend to the AIIA. In particular, I would like to thank one of my Board members, Glen Robinson, for all his hard work in helping secure this excellent outcome,” he said.

Ian Lincoln, President of the AIIA in New South Wales, welcomed the finalisation of the MOU with the ATBC and endorsed Doug Blunt’s thanks to Glen Robinson, who is also a Councillor of AIIA NSW. He said:

“Australia has a long, close and mutually-beneficial relationship with Thailand. We are strategic allies, we have extensive people-to-people relations and we have developed a productive and growing economic relationship with Thailand. The role of the business communities in each country has been fundamental to this success. We at AIIA NSW warmly welcome the opportunity to contribute to this relationship and to the work of the ATBC.

Our role is centred on providing insights into political and economic developments in the international community, including Thailand and its South East Asian neighbours. We hope that this can be of value to the business community in the process of assessing the business environment and the wider prospects of one of the region’s most successful economies.”

Doug Blunt
President
ATBC

Thailand Investment Review – March 2019

Download the Thailand Investment Review for March 2019.

It gives an informative update/overview of Thai foreign/domestic investment.

It highlights new key focus areas, investment attraction incentives and outlines Thailand’s role/opportunities within the broader ASEAN community.

Well worth a read.

TIR – March 2019.pdf

Courtesy of the Thailand Board of Investment.

What Thai Commodities are most prominent in Australia?

It is easy to think that the presence of global trading markets is a recent phenomenon. After all, it is now far easier than ever before to buy and sell commodities across the world.

Yet, people have been selling things from one country to another throughout history. So with this in mind, how does the trading relationship between Thailand and Australia fit into this pattern more specifically, and what are the key Thai commodities that reach Australia?

Read the full story at the Pattaya Mail.

Source: Pattaya Mail