Country Information Export Development Canada Asia and Pacific

Thailand

Free-market regulations, pro-foreign investment policies and strong export-oriented industries make a warm welcome for Canadian exports.

Country Info | Thailand

Evaluating the market in Thailand

We can help you get a better understanding of market activity, relationships and support to grow your business.

EDC Position

EDC Country Position – Open on a restricted basis

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?

Risk Rating

EDC Country Position –Low Medium Risk

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?

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.
  • Advanced Security
  • Aerospace
  • Automotive & Heavy Truck
  • Oil & Gas
  • Telecom

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.

Unlock key contacts in Thailand when you download our Market Entry Advisor Guide.

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As requested, and EDC Trade Advisor will contact you on between . We look forward to speaking with you soon!

If you would like to speak with someone immediately, please call  1-888-220-0047.

 

Interested in growing your business in this market?

Speak to a Trade Advisor weekdays between 9 am to 5 pm EST.

1-888-220-0047

1-888-220-0047

Or send us a question and we'll get back to you as soon as possible.

Send a question

Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy Senior Trade Advisor, EDC