Sweden and Thailand's Relationship Essay Example

Sweden and Thailand's relationship began in 1863 when The Treaty of Friendship, Commerce, and Navigation, was signed. Five years later diplomatic relations were established. Sweden has an embassy in Bangkok and also has consulates in Chiang Mai, Pattaya, Phetchaburi, and Phuket. Thailand has an embassy in Stockholm. In this writing you will read about Trading, Their Agreements, and more. 

Thailand is Sweden’s largest trade partner in Southeast Asia. In 2019, $525M were exported from Sweden to Thailand. Sweden's main products they exported were Gas Turbines ($140M), Packaged Medicaments ($23.8M), and Tractors ($18.3M). In 2019, $472M were exported from Thailand to Sweden. Thailand's main products they exported were Broadcasting Equipment ($36.6M), Air Conditioners ($26.6M), and Delivery Trucks ($22M). In comparison, Thailand ranked 31 in the Economic Complexity Index and 23 in total exports ($249B) in 2019.  The same year, Sweden ranked 8 in the Economic Complexity Index and 32 in total exports ($158B). The top three highest trade values in 2020 were January ($102M), September ($60.9M), and April ($59.5M).

Sweden and Thailand concluded agreements on avoidance of double taxation, economic, technical, and scientific cooperation, mutual protection of investments, and amateur radio communication usage. Their agreements on avoidance of double taxation happened in 1989 where they agreed to limit their taxation of international business in order to avoid double taxation. They concluded agreements on economic, technical, and scientific cooperation in 1990 where they enhance nonproliferation and go beyond ordinary civil construction in their technical content. In 2000 they concluded agreements on mutual protection of investments which is a fund that promises to return at least radio communication usage, amatuer radio stations are when existing public an/or government communication links to act (They act as the “Second Line.”)some portions of investment to the investor. In 2002 they concluded agreements on amatuer 

How do Sweden and Thailand contribute to one another and what is the TSCC? The TSCC is the Thai-Swedish Chamber of Commerce, an international business community in Thailand. The members acquire direct access to a network of companies from a wide range of sectors and industries. They provide invaluable access to the most relevant business information, advocacy groups, key decision brokers, and government officials. How does Sweden contribute to Thailand's sustainable development? Swedish businesses are able to help when it comes to the need for infrastructure and the demand for solutions in areas such as transport, healthcare and industry (these are all areas increasing). When it comes to these areas Sweden is able to help because these are all areas where Swedish businesses are in the lead. How is Thailand helping the potential growth for Swedish companies? Because of Sweden's long trade tradition with Thailand (which goes back for more than 100 years) most of Swedish exports are primarily consisted of telecommunication equipment and engineering products (machinery and equipment, paper products, transport equipment, and steel and forestry products) around 70 companies today from and/or related to Sweden are active in Thailand.

This is why Sweden-Thailand connections are very important. This wraps up information about their trade, agreements, and how they contribute.  Sweden and Thailand's connections are very important not only because of their large trade but because of the way they work with one another and contribute with jobs and businesses. 

Sources:

https://www.business-sweden.com/markets/asia-pacific/thailand/

https://www.bangkokpost.com/sp/thai_swedish/

https://swecham.com/

https://www.bangkokpost.com/sp/thai_swedish/

https://oec.world/en/profile/bilateral-country/tha/partner/swe

https://www.swedenabroad.se/en/about-sweden-non-swedish-citizens/thailand/business-and-trade-with-sweden/trade-between-sweden--thailand/