The economic climate in Thailand is very positive and very strong, conducive to real growth now and in the future. The World Bank has increased its forecast for Thailand’s 2008 GDP growth to 5.2%, up from earlier estimates of 4.6% (as published in the WB paper Thailand Economic Monitor, April 2008).

Factors cited for the strong performance include the expected recovery in domestic demand and the Thai Government short-term economic stimulus measures. As Thailand is an oil and gas producer, the country is partly energy sufficient; its manufacturing base remains relatively insulated from the effects of the US economic meltdown and rising international energy prices.

Thailand remains the rice basket of South-East Asia contributing X% of world rice exports. Thailand has mooted the formation of an OPEC-like cartel of leading rice growing nations to ensure better control of food price profits to protect and further bolster the Thai economy.

With its direct link to the LOXLEY Group – one of the oldest and most respected commodities trading houses in Thailand, L-TAG is uniquely placed to consult, source and distribute commodities, goods and services within Thailand and surrounding Asian and Pacific Rim countries.