Country: Thailand
Overview
As the second largest economy in Southeast Asia, Thailand has a strong consumer base with a large, urban, middle-class population. With its well-established trade relationship with the UK, cultural goodwill and central location, Thailand is a promising export market for British businesses.
British products and services are recognised across the country and are widely associated with a high standard of quality.
Thailand notably serves as a gateway to ASEAN and exporting to Thailand also opens up access to business opportunities across the region. Its geographical position makes Thailand a great hub for UK companies aiming to export to Laos, Cambodia, Myanmar, and southern China.
UK and Thailand set up a Joint Economic and Trade Committee (JETCO) in 2021. This bilateral trade committee addresses trade barriers, while actively promoting business and trade activity between the UK and Thailand – with support for agriculture, food and drink, and financial services sectors.
Further reading from the Department for Business and Trade:
Thailand presents a compelling opportunity for British companies seeking to broaden their footprint within the thriving ASEAN market. Boasting a robust economy, diverse cultural heritage, advantageous geographical position, and conducive business environment, Thailand offers a multitude of avenues for British enterprises to delve into and capitalize on in the Southeast Asian region.