Thailand Economic System Essay

2076 Words 9 Pages
Thailand implements a controlled floating exchange rate system, pricing to market forces on the Thai baht, and the Thai central bank would only intervene in the market when necessary, in order to avoid excessive exchange rate volatility to the expected impact of economic policies. At present, the global economic slowdown, domestic demand is not good in Thailand. In order to keep the country's export competitiveness, the Bank of Thailand is more inclined to let the baht weaken.

Trade and investment barriers
(1). Trade barriers
Thailand establishes a lot of policies to control and protect the import and exports goods, Thailand control and manage the quotas of import goods, import license administration, and export registration,
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These products include: agricultural products, construction materials, consumer goods, electrical equipment and accessories, PVC pipe, medical equipment, LPG vapor containers, surface coatings and modes of transport. (b) Technical standards
Thailand has developed the technical requirements of the institutions, industry is implemented by the Thai Industrial Standards Institute (TISI), and the food and tobacco products, cosmetics, drugs and narcotics, animal feed, fertilizers, hazardous materials, animals, plants, seeds, medical equipment, treatment of mental illness and volatile goods production, sale and import of food are controlled by the Thai Ministry of Health's Medical Commission (TFDA).
At present, Thailand’s industry standards are based on the international standards, but the import of food medicine program takes long time, complicated procedures and the costs are high. Importers of food and medical supplies needed to write clearly about the application time, the detailed composition of imported goods and the introduction of production.
1.3 Agricultural subsidies and special support Thailand has a lot of agricultural goods production and investment incentives of export of goods, such as commercial banks provide lower interest rate in the production of frozen shrimps and fish.In recent years, Thailand has many non-traditional agricultural exports such as shrimp, processed fish, canned pineapple, orchid, and theexports of these

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