The country has experienced growing domestic consumption over the decades coupled with robust export-oriented manufacturing, resulting in the country gaining the status of an upper-middle income nation in 2011.įurther, Thailand is also benefitting from Sino-US trade tensions with several Chinese-based firms relocating part of their supply chain to Thailand, especially for electronics, chemicals, and automotive. As the second-largest economy in ASEAN behind Indonesia, Thailand presents ample investment opportunities for foreign businesses.
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