Bangkok, Thailand (PRWEB)
July 17, 2017
Thailand Board of Investment’s New York office announces a series of cultural festivals to take place in Victoria, Vancouver, and Ottawa, British Columbia, designed to celebrate Thai customs and commemorate the country’s deepening bilateral relationship with Canada.
Three cultural festivals in July will mark Thailand and Canada’s long held, harmonious relationship. Canada appointed its first Ambassador to Thailand in 1961, and has a Consulate in Chiang Mai, while Thailand has an Embassy in Ottawa and a Consulate-General in Vancouver. Today, Canada and Thailand enjoy a healthy trade relationship with a bilateral volume valued at $3.058B USD as of 2016. Similarly, Canadian direct investment to Thailand was upwards of $160 million in 2016.
“Thai people prefer to build personal relationships before discussing business and what better way to start the process then by discovering some of the amazing aspects of Thailand’s culture,” said Mrs. Ajarin Pattanapanchai, Deputy Secretary General, Thailand Board of Investment. “We look forward to sharing our traditions with our Canadian friends in July.”
As an industrial hub of the ASEAN region, Thailand’s business friendly environment is greatly beneficial to Canadian companies looking to establish a foothold in this significant market, as Magna International, Celestica, Bombardier Transportation, and Scotiabank have proven by example. Thai companies have also benefited from this fruitful relationship — PTTEP, Thai Union, Charoen Pokphand Foods, and Indorama Ventures all have operations in Canada.
Further strengthening Thai-Canadian ties, Canada’s Minister of Transport announced in July a significant change to the Canada-Thailand air transport agreement which will allow any number of…