DITP assembles database for Thai investors looking to China

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DITP assembles database for Thai investors looking to China



BANGKOK, 26 July 2016 (NNT) – The Department of International Trade Promotion (DITP) has advised Thai investors looking to invest in China to thoroughly study the country’s regulations and consumer behavior while pointing out Thai-China trade reached a value of 25.427 billion USD in the first 5 months of this year.

At a seminar titled “Looking to China: Forward into the Land of the Dragon” organized by the DITP, department director-general Duangporn Rodphaya pointed out that despite global economic sluggishness, China has remained an attractive market for investment across all product types.

To aid Thai investors, the DITP has gathered experts on trade, investment and the culture of China to compile a database of necessary knowledge on the Chinese market.

The department has urged new enterprises looking to China to first learn its laws and regulations as well as its consumer behaviors, noting the country has undergone a range of changes from social to trade policies in recent times.

Thai-Chinese trade during the first 5 months of this year reached 25.427 billion USD, which while down 0.67 percent year-on-year, was up to 80 percent comprised of trade done through ASEAN-China Free Trade Agreements. Major Thai exports to China included natural rubber and tapioca while Thailand mostly imported Chinese telephones and electrical generators.


-- NNT 2016-07-26

[shirtless]

China make sure you apply the 51% 49% rule on the Thais and make sure they have all the disadvantages the Thais impose on you.

[jaaaason]

After having spent 13 years in China running a business I can guarantee you that the Chinese have got it over the Thai. The Thai business men do not have a chance.

[Brer Fox]

I love it the way the Thai government encourages Thai business people to take their money and go invest in China. They did it the other day by encouraging big business to invest in Myanmar. Big business have already invested heavily in Vietnam.

What's wrong with investing in Thailand? Or does patriotism count for nought when a fast dong/kyet/riel is up for grabs.