Thailand stands at the heart of the Association of Southeast Asian Nations (ASEAN) — one of the world’s fastest-growing economic regions.
Thailand’s strategic location also connects the rapidly growing economies of Southeast Asia to China, India, South Korea and Japan. A major investment in infrastructure is reducing logistics and transportation costs,
solidifying Thailand’s reputation as one of Asia’s leading investment destinations.
Western Australian businesses are well-positioned to help Thailand transform its traditional companies into smart companies, and its traditional services into high-value services.
The Western Australian Government supports opportunities for business to contribute to Thailand’s
industry 4.0 policy in sectors such as advanced manufacturing (innovation and automation), digital economy (e-commerce, enterprise solutions), smart cities (building technology, intelligent transport), primary industries (food and beverages), mining and mining engineering, and education (vocational and
higher education).
Further examples of how Western Australia and Thailand can benefit from each other’s economic development can be found in Western Australia’s Economic Development Framework: Diversify WA. It
provides a blueprint for collaboration between government, industry and the community to unlock the
state’s economic potential.