How Should Thailand Enhance Its Competitiveness?

Trade between Thailand and the United States has been developing well, for example, trade in agricultural products has been thriving. In recent years, the volume of exports from the United States to Thailand is about $1 billion 700 million, an increase of 1 billion 400 million over the previous 2-3 years, and is expected to rise to 2 billion dollars in the past two years. Over the same period, Thailand's exports to the United States amounted to US $3 billion 600 million. Most of the commodities exported to the United States were manufactured in Thailand, such as cotton, leather, feed and so on. Thailand successfully exported manufactured goods and fully realized mutually beneficial parties.

When asked how Thailand can improve its competitiveness substantially, Hayden Du Meng Mr. Thailand said that efforts are being made to raise the level of intellectual property protection, which will make manufacturers in other countries more confident in Thailand. Or other standards, such as food safety, will attract high-quality products to be imported from other countries and stimulate more investment. From the relevant customs laws and regulations, some of the laws of Thailand have been quite successful in the past few years. But I believe that if we adjust the international standards, this will make Thailand more attractive and competitive on the global stage.

At the same time, despite the weakness of Thailand's economic development in the past 2 to 3, trade exports have slowed slightly. But the Thailand government has been committed to improving the external output of hi-tech products. A large number of American companies have invested in Thailand, and even some American trump companies have joined it. This will create a large number of employment opportunities for Thailand's labor force and help workers to hone new skills. In addition, these enterprises cooperate with Thailand university to develop new technologies, which will help Thailand improve its competitiveness. There are still many opportunities for Thailand and the United States to work together to promote bilateral trade.

" Business thinking It is to take advantage of other countries to make up for their own shortcomings. Over the years, we have good trade relations with Thailand, and we expect it to continue. " The United States is the third largest trading partner of Thailand after Japan and China. In 2015, the volume of trade exceeded US $38 billion, and the total volume of exports from the United States amounted to US $11 billion 200 million, down 4.8% from 2014. The commodities exported to Thailand are mainly machinery, gold, aircraft, medicine and agricultural products. Meanwhile, exports from Thailand to the United States amounted to US $28 billion 600 million, an increase of 5.4% over the same period last year.

For the future direction of trade, Hays Hammond said, Thailand is looking for new technologies and new energy sources. The US automobile industry has established a production base in Thailand for a long time, so we need to look ahead to the development of new automobile models. The potential of agricultural products is still there. Thailand food is one of the most popular foreign foods in the United States. At the same time, at present Thailand Living standards have been raised, and consumers in Thailand are paying more attention to high quality foods from the United States.

In addition, the ASEAN countries gathered more closely. Mr. Hayden Du Men believes that this will drive future trade in the United States, especially the standard of the whole ASEAN as a whole, which will make production and distribution easier throughout the region. "American companies have invested heavily in Thailand in recent years. In addition to investing in the two largest ASEAN sales markets in Thailand, we also look at the production base of ASEAN markets. The geographical location of Thailand determines the high quality workforce, and national policies are conducive to the development of enterprises. This fully helps to invest and trade in Thailand. We expect this trend to continue.

When it comes to the topic of trade, the free trade agreement of the United States will inevitably be asked. The United States is trying to promote the trans Pacific Partnership Agreement or TPP, the agency said. As the largest regional agreement in history, TPP has 12 member economies, accounting for 40% of the world's GDP. Once TPP comes into force, its trade standards will have an impact on the Asia Pacific region. TPP may take some time to take effect, and the United States itself will further discuss with Thailand to further expand trade and exchanges between the two countries.