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Thailand B eyond Tourism

Thailand B eyond Tourism. Background. 69 millions people Size : 514.000 km ( slightly larger than Spain) Constitutional monarchy Founding member of the ASEAN Economic community, to come into force on 31 december 2015. Economy.

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Thailand B eyond Tourism

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  1. Thailand Beyond Tourism

  2. Background 69 millionspeople Size: 514.000 km (slightlylargerthanSpain) Constitutionalmonarchy Founding member of the ASEAN Economic community, tocomeinto force on 31 december 2015

  3. Economy Vibrant economy, yet moderate performer compared to ASEAN rivals Heavily dependent on exports (> 60% of GDP) Exporter of agri-products, cars and electronics

  4. Thailand, anuppermiddleincome country • Economic data - International trade • Total export in 2013 • Export to the European Union in 2013 228.5 US$ Billion • Export to the Netherlands in 2013 22.4 US$ Billion • The Netherlands is the largest export destination 4.4 US$ Billion • in the EU in 2013 • Main export: machinery, electronics, electrical appliances, food products, optical equipment, rubber, vehicles and automotive parts. • Total import in 2013 • Import from the European Union in 2013 250.7 US$ Billion • Import from the Netherlands in 2013 22.8 US$ Billion • The Netherlands is the seventh ranked EU exporter in 2013 1.1 US$ Billion • (after Germany, France, UK, Italy, Belgium and Sweden) • Main import: machinery & parts, electronic parts, oil & gas, chemicals, iron& steel, vehicles and automotive parts, diary products • Source: Bank of Thailand, February 2014

  5. Thailand, anuppermiddleincome country • Economic data - Investment • Foreign Direct Investment in Thailand • Average FDI 2010 – 2012 9,500 US$ Million • Average FDI from the EU 2010 - 2012 1,200 US$ Million • Average FDI from the Netherlands 2010 - 2012 800 US$ Million • The Netherlands is the largest FDI from the EU in Thailand. • Thai Direct Investment aboard • Average TDI 2010 – 2012 7,000 US$ Million • Average TDI in the EU 2010 -2012 850 US$ million • Average TDI in the Netherlands 2010 – 2012 180 US$ million • The Netherlands is the 3rd largest recipient of TDI in the EU (after Germany and UK) • Source: Bank of Thailand, October2013

  6. Thailand, anuppermiddleincome country Thailand – international rankings and regional comparison It is relatively easy to do business in Thailand, but the country clearly needs to work on improving it’s corruption perception.

  7. Major Agricultural products • World’s number one exporter of rice (before 2012) • World’s number one exporter of rubber products • World’s number one exporter of tapioca • World’s number one exporter of canned tuna and pineapple

  8. Manufacturing • Strong in manufacturing (Japanese investors 40-50%) • World’s number one exporter of hard disk drives (before Singapore) • Two million cars assembled per year (Detroit of the East)

  9. Service Industry • Telecom • Banking • Tourism(Thailand frequently voted the best tourist destination in the world)

  10. Thai-Dutch Relations • Started 400 years ago with the VOC in Ayutthaya • Netherlands is number 1 EU investor in Thailand • Netherlands is number 1 EU export destination for Thailand (2013) • More than 200 Dutch companies in Thailand • Some 10,000 Dutch living in Thailand

  11. Dutch companies on Thai market • Heineken : > 90% of premium beer market • Philips: number 1 in lighting since 50 years • Unilever: largest advertiser in Thailand) • Purac CSM: largest Dutch investor in years • NXP Semiconductors (Philips) : large Dutch employer • Driessen : world market leader in airline trolleys • ING : ING Life-sold, ING Funds-sold, 30% of TMB • Makro: most important Cash&Carry (now sold to CP) • Numerous SMEs from magic boxes to ICT to tourism relate

  12. Dutch companies employ ± 100.000 peopledirectly

  13. Why do Dutch companies likeit • Good infrastructure • Relatively low cost • Loyal and trainable workforce • Pro-business government • Good place to live for expats, good housing conditions, service, international schools, medical care

  14. Thai interest in NL • Study: Delft, ISS • Water management • Wind energy • Agricultural products • Rotterdam Port • Town planning • Tourism: culture / city / Floriade • Investment in logistics hub

  15. Sowhy Thailandandwhynot • Great for manufacturing • Great fortourism • Great living • Middleincome country • Developeddomestic market • Corruption • Patience needed • Politicalunrest

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