October 3, 2012
With the recent economic downturn, Thailand’s government holds a fairly liberal attitude toward international business and trade. The model for economic growth currently being pursued by the Thai government is particularly advantageous to the country’s exporters and to foreign investors. For example, membership in the World Trade Organization (WTO) and other organizations commits Thailand to the reduction and removal of tariffs, duties, non-tariff barriers, and other impediments to trade.