While other world economies have faltered in recent years, the free market economy of Thailand remains strong. Thailand has a solid infrastructure in place and the government is supportive of investment, which has led to a robust increase in export growth from this Asian country.

The tsunami that devastated so much Asian landscape didn’t spare Thailand either. More than 8,500 lives were taken in the wake of the destruction. Miles of coastal property was demolished. However, in spite of such devastation the growth rate continued to climb to just over 4% in 2005. This is remarkable considering a downturn in tourist traffic, and increase in oil prices and a slowdown in export demands.

The people of Thailand are a resilient group and they are currently finding markets for automobile exports as well as farm produce from the heart of Thailand. Thailand’s farmers raise such diverse crops as rice, corn, tapioca, soybeans, coconut, and sugarcane while the industry side of Thailand is strengthened by being one of the world leaders in tungsten and tin production.

The strongest trade partners for Thailand are the US, Japan and China to name but a few of the growing international clients for Thailand goods.

This entry was posted on Friday, April 14th, 2006 at 6:23 pm and is filed under About Thailand, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.