Former British prime minister Tony Blair expressed confidence in Thailands governments post flood rehabilitation measures, asserting that British business people still have confidence in Thailand and will maintain their investment presence in the kingdom.

Mr Blair, who was in Thailand as a keynote speaker at the Chief Executive Officer Forum CEO Forum organised by the Board of Investment of Thailand BoI, made a courtesy call on Thai Prime Minister Yingluck Shinawatra at Government House on Tuesday.

 

Former British prime minister Tony Blair expressed confidence in Thailands governments post flood rehabilitation measures, asserting that British business people still have confidence in Thailand and will maintain their investment presence in the kingdom.
Former British prime minister Tony Blair expressed confidence in Thailands governments post flood rehabilitation measures.

Government Spokesperson Thitima Chaisaeng told reporters afterward that Ms Yingluck and Mr Blair exchanged ideas on administration and that the Thai premier explained the latest developments on Thai politics and the potential of the Thai economy.

via Former British PM asserts UK investors still confident in Thailand

The UK is the largest EU exporter to Thailand (although Germany is the biggest EU investor) – key UK investors include: Tesco, Boots, BG, Standard Chartered Bank, Reckitt Benkiser, Rolls Royce and Triumph motorbikes
Thai exports to the UK (2010) were worth £2.2bn; UK exports to Thailand in the same year were valued at £1.2bn.

There are opportunities for UK companies in Thailand across a wide range of sectors including agri-technology, aerospace and automotive, education & training, energy, environment, retail, transport and life sciences.

Thailand is a mature, lower middle income economy with a good infrastructure, a skilled workforce and a business friendly environment. UK companies are increasingly looking to Thailand not only as a thriving market in its own right, but also as a regional base for doing business more widely with ASEAN.

There are over 600 members of the British Chamber of Commerce Thailand (BCCT). The Chamber plays an important role in supporting UK commercial interests in Thailand
UK trade in goods with Thailand 2005-2009 (£ million)

 £m 2005 2006 2007 2008 2009
 Exports 896 859 931  1,089 1,324
 Imports 2,402 2,534 2,705 3,096 2,177
 Total 3,298 3,393 3,636 4,185 3,501

(Source: BIS analysis of Office for National Statistics data)

Investment

Outward

The UK has a significant presence in Thailand, particularly in the aerospace, automotive and engineering sectors. Other British investors include Boots and Tesco, who have invested £400 million and £1.5 billion respectively over the past ten years establishing their largest operations outside the UK; Standard Chartered Bank, and BG, which is the biggest UK investor in the Energy Sector.

British investment projects submitted to Thailand Board of Investment 2006-2010 (Million Baht).

 2006  2007  2008  2009  2010
 NO. of projects  31  24  34  25  10
 Total Investment  7546  6812  4568  3691  322
 No. of projects Approved  23  22  31  37  15
 Total Investment  1740  2305  9004  25591  564

(Source: International Affairs Bureau, Board of Investment (BOI))

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thailand’s Digital Health Pass Now Accepted in EU

Thailand is the second country in the ASEAN region to adopt this common standard for digital certification. Travelers are, however, encouraged to check with their destination countries prior to travel.

How East Asia has controlled coronavirus, and what it means for its recovery

Vietnam’s crisis response has been representative of East Asia’s impressive ability to stem the spread of COVID-19. It has reported zero deaths from COVID-19, compared to 846 confirmed deaths per million in Belgium.

New round of EU sanctions targets Myanmar military’s Oil and Gas cash cow

In previous sanctions rounds against Burma by the EU, MOGE was left untouched. The new round of sanctions is a new step by the international community against the Burmese military.