Free-market regulations, pro-foreign investment policies and strong export-oriented industries make a warm welcome for Canadian exports.
Evaluating the market in Thailand
We can help you get a better understanding of market activity, relationships and support to grow your business.
Open on restricted basis
What this means:
Responsive approach to business
EDC solutions are available on a restricted basis
How does EDC determine the position?
EDC takes the following into account when determining the position in a given market:
Government of Canada restrictions
Political, human rights and corruption risks
Other factors that may be taken into consideration are: size of the economy, diversification of the economy, risk of natural disasters
Low to Medium Risk
What this means:
The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.
How does EDC determine the risk rating?
The CCC risk rating is impacted by the Sovereign Probability of Default (ability and willingness to honour financial obligations), political risks, and other mitigating or worsening factors.
Business environment in Thailand
Medium-to-long term political stability is elusive due to deeply rooted tensions within Thailand’s society and political system. That uncertainty combined with sluggish domestic demand, weak private investment and slow exports has resulted in the country’s economy underperforming. To help spur economic growth, the military-led government is planning large scale infrastructure investments. While a full range of export and trade opportunities exist across multiple sectors, Canadian companies doing business with or working on projects connected to the sovereign nation should remain vigilant and exercise caution.
A comprehensive guide helps you explore exporting and direct investment opportunities in the ten fast-growing markets of Southeast Asia.
Here’s a helpful tip for doing business in Thailand
Expect your customer relationships to build slowly, with several meetings taking place before truly getting down to business – and be prepared for the bargaining negotiating style that Thais are fond of.