The Kingdom of Thailand locates in the heart of mainland Southeast Asia. Many businesses have grasped their opportunities and flourished in this promising land. In the 2019 Index, Thailand’s economic freedom score is 68.3. It’s an increase of 1.2 points of the overall score has increased by 1.2 points. This results in Thailand’s 10th rank among 43 countries in the Asia–Pacific region that facilitates the growth of business.
To revitalize the economy, the military-controlled government has initiated policies to boost consumption and attract investment. Spending on infrastructure steadily rises, which better prepares the economy to join the global market. Many procedures for business activities have been streamlined which in turn facilitates trade freedom. However, non-tariff barriers still act as a hindrance for gains from trade. According to the WTO, Thailand had 245 non-tariff measures in force as of June, 2018. Although the government has undertaken measures to boost investment, foreign ownership in some sectors remains capped. The financial system has also undergone some restructuring, and the stock exchange is extremely active and open to foreign investors.
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