Thai SMEs generate 3.75 trillion baht for the economy

2011

TBC was officially founded and endorsed by Dubai Chamber of Commerce since mid of 2011, to act as a commercial bridge for Thailand’s Small and Medium Enterprises (SMEs). There are close to three million SMEs in Thailand, making up 99.6 per cent of total businesses and generating over 3.75 trillion baht for the economy.

Chalermpol said the Council, which now boasts over 50 members, has set up a number of special events to promote the country’s small businesses. TBC’s affiliated members include corporate and professionals related to Thai businesses based in UAE, for instance Thai Airways, Thai restaurants, Thai spa ventures, State Oil Company PTT, SCG Chemicals, which is a large conglomerate of construction and petrochemicals in Thailand, and food company, CP.

“We also aim to reach out to SMEs in the UAE, in order to help them establish opportunities and new markets in Thailand,” the Chairman said. TBC also has four honorary members from government sectors including its Embassy in Abu Dhabi, and Consulate office in Dubai, Thai Trade Centre and Tourism Authority of Thailand (TAT).

The Southeast Asian country has launched an aggressive marketing campaign aimed at luring tourists back in the country that was recently inundated by flash floods, which kept visitors away and also put a major dent on the country’s export market, especially food and electronic products. Thailand’s tourism authority estimates that due to the floods, the number of foreign visitors declined by up to 600,000, and the tourism industry lost about $800 million.

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