Thai Parliamentary Delegation Visit
Since 1997 Thailand has made huge economic progress, moving from a lower middle income country to an upper middle income country in less than generation. It is the second largest economy in Southeast Asia and the EU’s third largest trading partner in ASEAN. In 2014 though, growth slowed and economic forecasts were cut. In January this year the World Bank predicted GDP growth in Thailand of just 2 per cent for 2016 rising to 2.4 percent in 2017 compared to 5.3 percent and 5.5 percent for Indonesia.
This economic contraction has been accompanied by political instability and 2016 will mark the second anniversary of the military-led government. The draft constitution published on 29 January 2016 was heavily criticised by all the major political parties causing concern that it would be rejected in a July referendum. The Prime Minister Prayuth Chan-ocha has been at pains to stress though that regardless of the referendum outcome elections will take place in 2017.
To discuss what this means for multinational companies operating in Thailand, Asia House will welcome a delegation of senior representatives from Thailand’s National Legislative Assembly to network and engage with corporate members. Led by the former Thai Ambassador to the UK, the Hon Kitti Wasinondh, the group will visit Asia House as part of a wider tour of the UK.
This event is open to Asia House corporate members only.
For further information, please contact: Jeremy Wimble, Business & Policy Team at firstname.lastname@example.org or call 0207 307 5454.