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.