BUSINESS BETWEEN THAILAND AND SINGAPORE

Abstract

     Singapore is a country that is known for its transition from a developing to a developed country. Its business, innovation, technology, and human resources were rapidly developed especially the economy-the gross domestic product (GDP) at current prices increased to $300.95 billion within a year (2006-2007)-it is a 2.5 percent increase. The top three export products are electronic board and integrated circuit, petroleum, and computer. The top three major imported products are electronic board, petroleum and crude oil.

            Singapore is one of the ASEAN Economic Community members. In the development of the country, it is mainly focusing on products and services-increasing the value and channeling for trading. Thailand is one of the ten countries among ASEAN that do business with Singapore. The produce from Thailand such as durian, longan, rambutan, mango, mangosteen are dominants export products as well as industrial product like gems, jewelry, oil, and circuit boards.

            There are seven categories in business development plan between Thai and Singapore government cooperation-agriculture and food, information and communication technology, investment, trade facilitation, intellectual property, tourism and aviation. It also included a partnership in security and agreement on the abolition of tax treaties. The private sector target on promoting economy and investment between Thailand and Singapore and the third country.