Thailand is an Attractive Destination for Foreign Investors Essay

611 Words 3 Pages
During the past decades, Thailand has been an attractive destination for foreign investment. Thailand is able to supply necessary raw materials, efficient human resources, competent infrastructures, as well as the advantage of geographical location of Thailand. Moreover, the Thai government stimulates economic growth by encouraging foreign investors to establish their businesses in Thailand. Many policies have been launched such as the setting up of the Thailand Board of Investment (BOI) to co-operate with all foreign investors. Both the Free Trade Agreements (FTAs) between Thailand and Japan, India, Australia, New Zealand, Peru, Chili, and FTAs with European Union (EU) and Canada in the near future, as well as the Free Trade Agreements (FTAs) between ASEAN and many counterparts (Department of Trade Negotiations, 2014) also help strengthen partnership, cooperation and international relation between Thailand and its trading partners. These policies are set up to help boost Thai economy.

Additionally, Thailand is one of potential countries for international investment which has many attracted foreign investors such as Asians, North Americans and Europeans. Among these countries, South Korea, officially the Republic of Korea (ROK) is one of the major foreign investors in Thailand. According to the record of the Thailand Board of Investment (BOI) in 2013, South Korea was ranked the 13th in terms of approved foreign direct investment (FDI) size. 46 projects with South Korean…