Chamber of Commerce Country Factsheet Last update: 15.05.2017
Your advisors at the Chamber of Commerce
- Sabrina Aksil+352423939374
- Shi Na+352423939364
A unified Thai kingdom was established in the mid-14th century. Known as Siam until 1939, Thailand is the only Southeast Asian country never to have been colonized by a European power. A bloodless revolution in 1932 led to the establishment of a constitutional monarchy. In alliance with Japan during World War II, Thailand became a US treaty ally in 1954 after sending troops to Korea and later fighting alongside the United States in Vietnam. Thailand since 2005 has experienced several rounds of political turmoil including a military coup in 2006 that ousted then Prime Minister THAKSIN Chinnawat, followed by large-scale street protests by competing political factions in 2008, 2009, and 2010. THAKSIN's youngest sister, YINGLAK Chinnawat, in 2011 led the Puea Thai Party to an electoral win and assumed control of the government. A blanket amnesty bill for individuals involved in street protests, altered at the last minute to include all political crimes - including all convictions against THAKSIN - triggered months of large-scale anti-government protests in Bangkok beginning in November 2013. In early May 2014 YINGLAK was removed from office by the Constitutional Court and in late May 2014 the Royal Thai Army staged a coup against the caretaker government. The head of the Royal Thai Army, Gen. PRAYUT Chan-ocha, was appointed prime minister in August 2014. The interim military government created several interim institutions to promote reform and draft a new constitution. Elections are tentatively set for early 2016. Thailand has also experienced violence associated with the ethno-nationalist insurgency in Thailand's southern Malay-Muslim majority provinces. Since January 2004, thousands have been killed and wounded in the insurgency.
Source: IMF Statistics - Thailand
Luxembourg and the country
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
- Convention from 07.06.1996 (Memorial 1998, A, no. 37, p. 527 and ff.)
- Effective as of 01.01.1999 (Memorial 1998, A, no. 54, p. 876)
Air Services agreement
- Agreement from 04.16.1975 (Memorial 1976, A, p. 432)
- Effective as of 16.09.1977 (Memorial 1977, A, p. 1865)
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact points in Thailand
Embassy of the Grand Duchy of Luxembourg in Thailand
Ambassador with residence in Bangkok:
Monsieur Robert LAUERAmbassadeur
Ambassade du Grand-Duché de Luxembourg à Bangkok
Q House Lumpini 17th Floor
1 South Sathorn Road
Bangkok 10120 Thailand
Monsieur Pierre METZ
57 Soi Preedi Phanomyong 26 (Soi Phannee), Sukhumvit 71,
Phra Khanong Nua, Wattana,
Country risk as defined by Office du Ducroire for Thailand
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Market entry guides are brochure series published by the Ministry of the Economy and Foreign. The series focuses on worldwide markets, industries and business environments, providing comprehensive and in-depth analysis and guidelines. The brochures cover all aspects relating to a market entry including the economic, financial and legal frameworks. The brochures are a vast knowledge pool, compiled into a practice oriented document with many tips and important addresses.
Other Useful Links
- CIA World Factbook on Thailand
- La Thaïlande sur le site de l'Awex
- Chambre de Commerce française en Thaïlande
- La Thaïlande sur le site de la DG du Trésor français
- Doing Business in Thailand
- Das ist Thailand
- Le Thailande sur le site de l'AWEX
- Economic Freedom Index - Thailand
The Chamber of Commerce and the country