Thai private sector urged to explore business and investment opportunities in Canada

[webfact]

Private sector urged to explore business and investment opportunities in Canada



BANGKOK, 27 Nov 2014, (NNT) - The Thai Chamber of Commerce (TCC) hopes the international community would understand Thai political situation, while the Director of Department of American Affairs says Thailand should expand its business on the Canadian soil.

According to the Director of Department of American and South Pacific Affairs, Witchu Vejjajiva, although Thailand and Canada have enjoyed good relations for over 5 decades, their cooperation on trades and investments is not as expansive of that with China and Japan.

He thus urged local businessmen and investors to consider dealing with Canada, adding that his department was conducting feasibility study on the Free Trade Agreement with the nation. Mr. Witchu admitted that even though the deal could compromise some business sectors, the gain would outweigh the loss.

Meanwhile, Senior President of the TCC Pongsak Atsakul echoed Mr. Witchu’s statement, saying that Canada had expressed desire to trade more with Thailand. He advised the private sector to take advantage of the findings and explore the Maple Leafs’ market.

Mr. Pongsak expressed his hope that Thailand’s political situation would improve and that the international community would understand what the country was going through. He also expected the business sector to move forward at full throttle once the situation returned to normal.


-- NNT 2014-11-27

[NeverSure]

More announcements of hopes for the future with no announcement of anything actually positive happening. This goes on all week every week.

Tell me one thing that Thailand can offer Canada that Canada doesn't already have or do except rice and other tropical foods. Thailand is a low value farming economy other than investments by foreign countries which bring manufacturing. Even that they seem to want to run off.

Canada is easy to do business with and I have to wonder if they'd put up with Thailand's shit.

[HeijoshinCool]

So, Canada's trade with Thailand is not as "expansive" as with China and Japan?

What an understatement.

Well Thailand, the reason is this: China and Japan have inventiveness, real industry, worker industriousness, up to date technology, dependability, respect of intellectual property and copyrights (okay, at least Japan does), and, well, so much more.

Thais simply have no idea how others view them. It's not favorably.

[Thai at Heart]

And this trade blokey has absolutely no possible details about what anyone might trade?

No thought not. Just imvestigate...

[Tatsujin]

The Thai Chamber of Commerce (TCC) hopes the international community would understand Thai political situation ...

No, they won't understand ... no one understands it, least of all Thai's themselves ... no one outside Thailand understands "Thainess" ...

How about also giving the private sector some clues as to what business and investment opportunities there might actually be in Canada ... other than rice exports ... alternatively, how about the Canadian's or the Thai-Canadian Chamber of Commerce putting out a statement themselves echoing what the Thai's have been saying/claiming/quoting and being specific in what they think "could" be achieved together ...

[HeijoshinCool]

And this trade blokey has absolutely no possible details about what anyone might trade?

No thought not. Just imvestigate...

.

Maybe Thailand could buy maple syrup for all their roti?

Oh, wait, they want to sell something to Canada.

I dunno, then.

But surely TAT could get the 2015 Stanley Cup ….

[Thaddeus]

According to the Director of Department of American and South Pacific Affairs, Witchu Vejjajiva

Geography isn't one of my strong points either.

[newcomer71]

Yesterday: Latin America. Today: Canada. Tomorrow: ........................................ fill the space with a random country at your ease.

The truth is so far from the hopes being spread daily to paint a heavenly image of Thai economy.

[jaltsc]

"...the Director of Department of American Affairs says Thailand should expand its business on the Canadian soil."

A better option....Allow Canada and other successful industrial nations to expand their businesses on Thai soil. That would put an end to the inmates running the asylum.

Edited November 27, 2014 by jaltsc

[lovelomsak]

Glad to hear Thailand is interested in trading with Canada. Canada does most of its trade with America.And is held hostage often to their brutal forced trade rules they put in place. A lot of the trade is things imported by america and then sold to Canada. Why not have Canada bring it in directly through Thailand. Thai can broker for China,Burma,Vietnam etc. They can put in place trade agreements in thai baht (which has shown superb stability) with their neighbours. Then trade with Canada in American dollars. America will lose its prime trading country..Canada can then be the back door to trade for north america. Trade with Canada will open vast doors for power shift from America to Asia. Thailand a broker,Canada a broker. America a prospective buyer.Canada could be used to orchestrate, the final shift in economical power,to Asia.

Edited November 27, 2014 by lovelomsak

[Pib]

Just hype for the media. Can't beat getting BS printed for free.

[ramrod711]

Witchu may be on to something here. Since Wal Mart and Target expanded into Canada many Canadians have been accustomed to buying substandard cheap crap. An expanded trade with Thailand would allow them to buy substandard cheap crap directly.

[bkkjames]

Let's trade shrimp for west coast salmon and east coast lobsters.

[atsiii]

And isn't is nice that if Thai's invest in Canada, they can also own companies in Canada, own homes in Canada, compete in any business sector they choose, etc. But screw you Canadians who think you are going to come to Thailand and do any of the same!

[Suffinator]

And will Canada be imposing a 300% + import tax on Thai products? Will those Thais investing in Canada be required to hand over 51% of their assets to a Canadian national?

[gopis108]

Why NOT-At least Canada has a sensible plan for Pernmanent residence and business dealings.IN A SANE CIVILIZED COUNTRY LIKE CANADA everything is straightforward by the book-ONE PAYS HIS PERMANENT RESIDENCE FEES AND THEN 4 TO 6 MONTHS LATER HE IS FREE TO DO BUSINESS WITHOUT A WORK PERMIT-HE IS FREE TO BUY AND SELL LAND AND HOUSES ETC.-HE CAN LEAVE THE COUNTRY AND NOT PAY TO RE-ENTER-HE CAN DRIVE ON HIS OWN LICENSE FOR SIX MONTHS BEFORE APPLYING FOR A NEW CANADIAN LICENCE AND CAN DRIVE AROUND WITHOUT BEING TARGETTED FOR CONTRIVED TRAFFIC OFFENSES WHILE NATIVE CANADIANS GO FREE,HE DOESNT HAVE TO WORRY THAT HIS THAI PARTNER(HAVING THE CONTROLLING EDGE OF EVERYTHING)MAY SOMEDAY SOLICIT SOMEONE TO KILL HIM OR SOMESUCH DEVIOUS PROGRAM TO TAKE ALL).

UNLIKE THAILAND WHERE WE NEVER RECIEVE ANY FREEDOM TO DO ANY OF THE ABOVE SO THAT WE CAN BE FOREVER NICKEL AND DIMED TO DEATH ,I AM REALLY HOPING THAT THE FORTHCOMING MYANMAR RESIDENCE PROGRAM IS A LOT MORE SANE THAN THE SITUATION HERE IN THAILAND AND IF IT IS I WILL BE OVER THERE LIKE A SHOT WITH ALL OF MY INVESTMENT MONEY.I AM REALLLY TIRED OF ALL THE BS HERE IN THAILAND WHERE EVERY OFFICIAL MAKES HIS OWN INTERPRETATION OF THE LAWS-NO-ONE EVER FOLLOWS THE GUIDEBOOK ON CUSTOMS IMMIGRATION ETC.ETC.IF IN FACT THERE EVEN IS ONE.

(As an example just recently I followed a Thai woman on a motorbike as I was through an intersection where on the other side a policeman was waiting-he waived her through and stopped me demanding Baht 500.etc.etc.etc.etc.etc.)

SOME OF US ARE HERE TO IMPROVE THE COUNTRY-NOT JUST TO EXPLOIT THE LOCAL LADIES AND LIVE A HEDONISTIC LIFESTYLE BUT IF OUR CONTRIBUTION IS NOT HEEDED AND WELCOMED THEN WE WILL CERTAINLY LOOK FOR GREENER PASTURES.

[jamiesilver]

Absolutely i dont see why EQUAL OPPORTUNITIES are not imposed on THAIS wishing to invest in Canada - 49% shareholders rights and 30 year leases on homes.

[elgordo38]

Glad to hear Thailand is interested in trading with Canada. Canada does most of its trade with America.And is held hostage often to their brutal forced trade rules they put in place. A lot of the trade is things imported by america and then sold to Canada. Why not have Canada bring it in directly through Thailand. Thai can broker for China,Burma,Vietnam etc. They can put in place trade agreements in thai baht (which has shown superb stability) with their neighbours. Then trade with Canada in American dollars. America will lose its prime trading country..Canada can then be the back door to trade for north america. Trade with Canada will open vast doors for power shift from America to Asia. Thailand a broker,Canada a broker. America a prospective buyer.Canada could be used to orchestrate, the final shift in economical power,to Asia.

Yeah they were kissing our arse not to many years ago for our oil. Now that they have shale oil they do not want to approve the Keystone pipeline because OBama says there is no benefit for the USA in doing this.The pipeline would create jobs and put the excess of the southern refineries to work as they are geared up for the heavy oil we produce. How soon our southern brothers forget. Yes we have joined ourselves at the hip to America its time to separate and look at the globe to ship to. The free trade pact decimated our industries and made the excess workers created by this debacle into contract workers to further pressure wages down so that the big boys profits go up. We have tunnel vision when it come to exporting. They are presently looking at ways to pump the Great Lakes to satisfy their insatiable need for water. When push comes to shove all the treaties governing Great Lakes water will go out the window.

[Emster23]

hmmm Thailand supposedly encouraging foreign investment in Thailand by means of taking even more control over foreign investment money than before. Meanwhile Thais are told to invest in Canada, indirectly meaning don't invest in Thailand. Does anyone in these departments talk to anyone else in government, and if they do, can they put a logical sentence together?

[FrankOff]

Im surprised no one cracked a joke about Canada needing more 'massage' therapist....... this is real opportunity for a Thai.

I personally know a woman who was making $95 cad per hr giving massage....now she has opened her own studio with several masseurs in her pyramid..... and making real money!

In Canada therapeutic-massage is now covered by insurance so people only pay a certain percentage up front. The budding therapists do have to go through a lengthy (and costly) accreditation process first to qualify...including language tests.

Of course the article is implying B to B activity.....with Thailand being one of the largest exporters of food stuffs in the world there is already plenty of Thai products in the Canadian market,especially in Asian stores.

However, Thailand remains largely low-tech and hopelessly backward in offering anything of competitive value to a progressive country like Canada who already is deeply embedded in the process of topping its landfills with an endless rail-line of Sea-Cans full of consumer-junk from China.

[Don Aleman]

If Canada is smarter than I think they are, they will copy Thailand's

tight ass restrictions on foreign business and then, there won't be

any "exploring" necessary !

[Ulic]

Another misunderstood/misleading article. Mr Big,Thai money may want to move money off shore to another country

for safety but because corruption is significantly less these Mr Bigs who are used to bribing there way out of trouble

would be well advised to move to a safer (for them) country. While there are many opportunities for the spouses

of Canadians to open small businesses ( Thai Massage, Nails, restaurants) Canada is a tough go for Thais.

Away from the family network, and with the exception of Vancouver and the lower BC mainland the weather

is crushing. In Thailand temperatures in single digits are rare and considered a hardship. For 90% of Canada

6 months a year the temperatures are rarely above single digits. So Thais are not coming here to open businesses

or buy property. Just looking for trade/business opportunities in import-export market. Thai products will only ever

be a niche market in Canada and the same for Canadian products in Thailand. Mexico/Central & South America

as well as the Philippines, can produce all the mangoes, papaya etc that Canada consumes and transportation is

shorter. Thai rice, shrimp, fish, have stiff competition from Vietnam, China, Philippines etc. Only so many Canadian

ex-pats looking for a maple syrup fix in Thailand. So I expect the level of trade to remain stagnant at whatever

it is now.

[chooka]

Absolutely i dont see why EQUAL OPPORTUNITIES are not imposed on THAIS wishing to invest in Canada - 49% shareholders rights and 30 year leases on homes.

The Thais would scream racism and discrimination.

[Baa_Mango]

#firstworldproblems

#goldmedals

Edited November 27, 2014 by Baa_Mango

[Chris Lawrence]

Maybe some of the entrepreneurs from Sukumvit Knock Shops could transfer their skill set over to Canada, due to the recent crackdown on tea money payments to the police? As a going concern, their skill sets are easily transferable, with the need of very little infrastructure set up say in Canada. Could prove a very happy ending for the General and the Canadian male population.

They could promote this by a catchy slogan: 'Love you long time Canada' or 'Thai girls have plenty of honey for Canadian money', and again versatile for ladyboys who want to reassign their skills to Canada.

Maybe the General will provide start up loans to get the ticket to go to Canada? Cheaper than the rice programs and will continue to provide cash up in the farming areas.

Could also help with the balance of trade figures between the two nations, with very little interference from the CIB. Win Win?

[Strangebrew]

Yeah really If other countries did the same as Thailand as far as rules on investments not many Thai's would invest overseas.

[maidee]

they will export corruption, greed, graft, thainess ?????????????