Australia Regional and Global Links Alfred Li
Intro:
Australia and Thailand have longstanding and deep connections. These two countries cooperate in a broad range of areas of mutual interest, which mainly includes trade and investment, law enforcement, counter-terrorism, education, security, migration and tourism. The bilateral relationship is supported by mutual membership of international and regional organisations. The steady relationship between these two countries facilitated a dramatic increase of two-way trade and investment over the last decades.
Thailand Location:
Thailand is a country located in the Southeast part of Asia, it is situated in between 15º00’ North latitude and 100º00’ East longitude.
Thailand Annotated
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This organisation was essentially consists of 5 countries, Indonesia, Malaysia, Philippine, Singapore and Thailand. The main roles for this organisation are to accelerate economic growth, social progress, protection of regional stability and peace and the opportunities for these countries to resolves issues peacefully. Australia has become the first of ten dialogue partners of ASEAN.
Over the last decades, the relationship between ASEAN and Australia was remarkable. ASEAN represents almost 15% of the Australia two way trade, with two-way trade valued at almost $100 billion Australia dollars in 2013, while Thailand hold more than 19% (worth approx. $19.5 billion Australia dollars) of the total values of two way trade between ASEAN and Australia in 2013, which is a rapid growth of values of trade compare to 2012 figure ($18.5 billion Australia dollars).
Trade:
Australia 's trade and economic relationship with Thailand has grown significantly since the Thailand-Australia Free Trade Agreement (TAFTA) entry into force on the 1st January 2005. This agreement opens up a wider access to the Thai market for Australian products. It enhances prospects for
When Thailand joined in AEC there are advantage and disadvantage. When the AEC opened and joined together that make an opportunity to get a good job after graduated because the immigration and customs are not difficult to entrance more than past including logistics. Thai people can work a job which they choose in the other country comfortably Aat Pisanwanich said “Thailand had yet to arrange for the new challenges that will be presented by the AEC” such as a doctor which the job in AEC that invited and wanted as the doctor of Thailand are superior and to be experienced in all skills. In contrast, the doctor More than 50 per cent of medical practitioners did anticipate some benefits from the AEC. However, they preferred to stay in Thailand rather than other Asean countries because of the Kingdom’s high model of medical services. They also don’t want to have to adjust to new cultures. Many want to go to developed countries in North America or Europe when they upgrade and grow their career paths and the weakness when AEC opened is the foreigners are snatching the job that make Thai people to be an unemployable person. Thailand suggestion financier world-class foundation. Market and trade agreement are made easier through Thailand’s far-reaching highway system, modernize city-wide mass transit, international airports, deep sea ports, and international river ports. As the center of ASEAN, Thailand information for free and fair market. It is influential in the production of the ASEAN Free market Area and a endorser to a number of other free market. Moreover, in the industrials case the labor from the others country are received the minimum wage less than Thai people that a reason why the employer of Thailand is almost to select the labor from Laos, Myanmar, Malaysia, Philippine, Singapore, Indonesia and Vietnam for reducing the expense; the minimum wage for labor cost from the other country only 300 Baht per day for the cost of living and
Economic Considerations: Thailand is great developing country because of the smart economic policies but political environment is not stable so there is effect for investors to pay attention much to invest.
Thailand is located in Southeast Asia and occupies the western half of the Indochinese Peninsula and the northern two-thirds of the Malay Peninsula. Its government is a constitutional monarchy which is much similar to the government of the United Kingdom. The economic system of Thailand is considered to be a mixed system with the combination of market capitalist and socialist. It is an export-oriented country and owns a number of Asia’s largest industries such as shrimp and rice. Its economy is slowing down due to the political instability. This paper is going to demonstrate some main aspects of Thailand including its historical and cultural background, political system, the role of government, financial and educational sector, economy and so on.
The bilateral relations between Thailand and Philippines will continue to be strengthened through talks and agreements on economic, trades and security. (The Philstar, 2012). Johanna (2012) reported that the previous JCBC had led to an agreement between Thailand and Philippines’ governments to set up energy forums and cooperation on education.
Southeast Asia has gone through large changes in its social landscapes during the late twentieth centuries that resulted from globalization, urbanization and authoritarian regimes. Particularly in the last three decades of the twentieth century, Thailand has been undergoing radical social and economic changes in which its practices and politics has transformed its social and cultural realities. Increasingly influenced by globalized economic and social institutions, Thailand has come to confront crises that made her people insecure in the present and anxious about the future.
Thailand is a country in South East Asia with current Chief of State is King Bhumibol Adulyadej and the Head of Government is Prime Minister Prayut Chan-ocha. The country’s official monetary unit is Thai baht. Thailand used to be the world’s largest exporter of rice until the year of 2013. Moreover, Thailand and the United States are members for a number of the same international organizations, including the World Trade Organization (WTO), Asia-Pacific Economic Cooperation (APEC), ASEAN Regional Forum, World Bank, International Monetary Fund, and United Nations. Another strong point about Thailand is that, “Thailand’s unemployment rate was just 0.65% as of December 2015, according to Trading Economics”
India and Thailand, located in one another’s stretched out region, share a coastal boundary of the Andaman sea. The religions unite both countries, Buddhism is trusted by the majority of Thai people. Hindu elements could be found in Thai arts, architecture, drama, and literature. Moreover, Thai language is largely influenced by Pali and Sanskrit. India and Thailand implement policies that are incorporate to each other. India adopts Look East Policy, whereas Thailand adopts Look West Policy. And Thailand values India as one of the most influential trading parter. Both countries inter-relations are connected in many aspects; politics, history, religion, social and culture, and, of course, their trading relationships.
Thailand is the second largest economy in ASEAN, ASEAN is the Association of Southeast Asian Nations. Along with Thailand there are nine other countries apart of ASEAN, these countries include, Myanmar, Laos, Vietnam, Cambodia, Malaysia, Singapore, Brunei, Philippines, Indonesia, and Thailand. Along with the strong economy and support from other countries apart of ASEAN, Thailand is the 9th largest export destination for the United States (2), so we can be sure of a reputable and stable trade partner that can help our investments gain recognition. Thailand is a country that encourages Foreign direct investment so, it will be very easy for us to get into many areas of their economy once we feel that the market is ready. As manufacturing output shows a decline from prior years the main interest for
Thailand is located in Southeast Asia. This country is the only Southeast Asian country that has never been occupied by any European or other foreign country, except in war. Thailand is bordered on the west and northwest by Myanmar (formerly Burma); on the northeast and east by Laos and Cambodia; and on the south by the Gulf of Thailand, peninsular Malaysia, and the Andaman Sea. With an area of 513,115 sq km (198,115 sq mi) Thailand’s distinctive shape is often said to resemble an elephant’s head, with the “trunk” extending south into the slender Malay Peninsula.
Thailand is located on the southeastern part of Burma, sharing its borders with the Andaman Sea and the Gulf of Thailand. The countries sharing border with Thailand are Myanmar, Cambodia, Laos and Malaysia. The country is divide in to 6 different regions and several different providences. Thailand is currently under the military control of a Constitution Monarchy. This paper will provide a brief analysis of the Kingdom of Thailand current government, the state of the economy and its effects over the population and the insurgency uprising in the southern region.
Thailand has developed into an independent nation found in the mainland of Southeast Asia. Thailand is a constitutional kingdom operating on systems of the Monarchy with the King who has ruled from the early years of 1946. This has earned him a title of the longest serving head of state across the world. In this nation, the King is charged with the responsibilities of the head of state. This is the 50th largest country across the world in respect to the total geographical area and has been rated the world's 21st most popular nation. Thailand has recorded approximately three million immigrants and has attracted a significant percentage of expatriates from developed nations (Wattanawisitporn, 2009). The following is a PESTEL analysis of Thailand:
Australia has been involved in trade that comprises of, investment, financial flows, technology transfers and the moving of labour since its foundation as a colony. These are all parts of a global economy. What changed are the size, direction and influence of these movements, especially since 1980. There are some factors that have helped this change. They include:
Over the last several years FDI (foreign direct investment) in Thailand has surged dramatically. From 2010 to 2012, FDI has grown from 118 billion USD to 159 billion USD (2). Much of the FDI has been focused on the manufacturing sector, technology companies including Intel and Seagate Technology are among the many firms. Most of the manufacturing from FDI includes high end assembly and production. Low end, low cost manufacturing that dominates China and other regional countries is not the strategy for companies looking to invest in Thailand. Thailand offers investors a mix of low labor costs and solid public infrastructure. Thailand’s public infrastructure is ranked by The
The free flow of skilled labor and investment in the AEC policy can bring opportunities and threats to the Thai workforce. The former can lead to a chance for Thai workers to work in other ASEAN countries. The latter can bring about
In this paper, I shall provide you with important and detailed information, entailing who ASEAN-India is, how ASEAN-India was founded, why there was a need for ASEAN-India, and what type of business conducted, along with its contributing countries. This paper will further discuss each agreement that was signed into effect, to include The Framework Agreement on Comprehensive Economic Cooperation, The Trade in Goods Agreement, Trade in Services Agreement, and the Investment Agreement. Each agreement is centered on ASEAN-India Free Trade Area. Once reading this paper, one will gain a comprehensive understanding as to how ASEAN-India came to be and what each above-mentioned category represents.