Thailand Investment Opportunity and Promising by Mr. Phairush Burapachaisri EABC Member and Vice Chairman, the Board of Trade of Thailand - PowerPoint PPT Presentation

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Thailand Investment Opportunity and Promising by Mr. Phairush Burapachaisri EABC Member and Vice Chairman, the Board of Trade of Thailand

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Economic Outlook and Business Opportunities in Thailand by Mr. Arin Jira, Vice Chairman, Federation of Thai Industries (FTI) 28 March 2014 At SOFOFA, Santiago, – PowerPoint PPT presentation

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Title: Thailand Investment Opportunity and Promising by Mr. Phairush Burapachaisri EABC Member and Vice Chairman, the Board of Trade of Thailand


1
Economic Outlook and Business Opportunities in
Thailand by Mr. Arin Jira, Vice Chairman,
Federation of Thai Industries (FTI) 28 March
2014 At SOFOFA, Santiago, Chile
2
Thailand Economic Outlook in 2013 and 2014
2013 () 2014 ()
GDP Growth 2.9 3.0-4.0
Export of goods and services 4.2 6.0
Import of goods and services 2.3 4.6
Private Investment Public Investment -2.8 1.3 3.8 0.3
Inflation 2.1-3.1 1.9-2.9
  • The World Bank ranks Thailand 18th out of 189
    countries, according to the 2014 Doing Business
    Report.

3
Thailand 2nd Largest Economy in ASEAN
GDP US 385 billion (2013) GDP per capita US5,647
45 Industry
43 Services
12 Agriculture
  • Population 67 million
  • Labor Force 40.2 million
  • Growing Economy
  • Strong Export and a Vibrant Domestic Consumer
    Market
  • 2nd Lowest corporate income tax in South East
    Asia (20)

Sources BOI, NESDB
4
Thailand the Crossroads of ASEAN
10 Countries, One Single Market in 2015
GDP US 2.3 trillion
Popula-tion 607 million
FDI US 111 billion
GDP Growth 5.7 (2011) 6.4 (2012) 5.2 (2013)
ASEANs GDP to double to US 4.7 trillion in 2020.
Source BOI
5
Thailands Extensive Free Trade Agreement Networks
ASEAN-Korea ASEAN-China ASEAN-Japan ASEAN-India AS
EAN-CER Thai-India JTEPA Thai-Australia Thai-NZ
Thai-EU
BIMSTEC
ASEAN
Thai-Peru
RCEP
Thai-Chile
11 FTA Agreements
Under Negotiation
Finalized
In Effect
Source Ministry of Commerce
6
Thailand Investment Promotion Policy
Liberal Investment Policy
Source BOI
7
Thailands Attractive Investment Incentives
  • Tax Incentives
  • Import duty exemptions/ reduction
  • Corporate Income Tax/ Exemption for 3 to 8 years.
  • Additional 50 reduction of corporate income tax
    for up to 5 years
  • Double deductions for infrastructure construction
    /installation costs.
  • Non-Tax Incentives
  • Land ownership rights for foreign investors
  • Work permit visa facilitation

8
Activities Eligible for Investment Promotion
9
Target Industries
  • Automotive
  • Agriculture food processing
  • Machinery
  • Chemicals
  • Biotechnology
  • Alternative energy
  • Electrical/Electronics (E E)
  • Healthcare sector
  • Creative Industry

10
Trade and Investment Relations between Thailand
and Chile
2012 (million US) 2013 (million US)
Total Trade 978.43 886.16
Export to Chile 628.25 619.06
Import from Chile 350.18 267.10
11
Trade and Investment Relations between Thailand
and Chile
Main exports automobiles auto parts, canned
and processed seafood, rubber products, canned
processed fruits, textile garment, electronic
electrical appliances, and construction materials.
Main imports fresh chilled seafood, natural
minerals (copper), pulp paper, fertilizer
pesticide, chemicals, wine and fruits.
12
Trade and Investment Relations between Thailand
and Chile
  • Chilean Investments in Thailand
  • Sigdo Koppers S.A.
  • SQM Company (fertilizer)
  • CFR Pharmaceutical S.A.

13
Thank You
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