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Seminar: Trade and Investment Opportunities in Latin America (Argentina, Brazil, and Chile)

January 28th, 2010 - The SEA-LAC Trade Center in collaboration with Thai Chamber of Commerce and Office of Thailand Trade Representative, conducted a seminar on "Trade and Investment Opportunities in Latin America (Argentina, Brazil, Chile)" at the University of the Thai Chamber of Commerce, Bangkok.

The speakers were Dr. Vachara Phanchet, Thailand Trade Representative, Mr. Somkiat Anurat, Vice Chairman of Thailand Board of Trade, Mr. Phairush Burapachaisri, Secretary General of Thailand Board of Trade and the Thai Chamber of Commerce, Ms. Thanomwong Taepaisitphong, Betagro’s Deputy Managing Director, Ms. Supawadee Vitoonrapakorn, Aeroflex International’s Deputy Managing Director and Mr. Chompol Pornchindarak, Thai Gems and Jewelry Traders Association Representative.

Dr.Vachara Phanchet gave a presentation on trade results of “Thailand Road Show in Latin America (Brazil, Argentina, and Chile)” co-organized by the Office of Thailand Trade Representative, Ministry of Foreign Affairs, Federation of Thai Industries, and Thai Chamber of Commerce during October 27th to November 7th, 2009. During the visit, Thai delegation held bilateral meetings with high level representatives of Ministry of Foreign Affairs, Foreign Investment Committee, and Chamber of Commerce of Brazil, Chile and Argentina; and signed Mutual of Understanding (MOU) between Thailand and these three countries, such as MOU of Cooperation between Board of Trade Thailand and the Chilean National Chamber of Commerce, Services and Tourism to increase trade and investment activities among the two sides. Moreover, Dr. Vachara mentioned “Although the long-distance and high costs of transportation may be obstacles for doing trade and investment in Latin American region, Thai exporters should not ignored the opportunities in this region. Countries in Latin America have high potential as manufacturing bases for several Thai products. Also, producers of processed food, furniture, automobiles, and agricultural products and equipment should consider investing in this region. There are ample rooms for growth and abundance raw-materials, as well as high market demands.”

On the panel discussion, the other five speakers, who joined the Road Show project, shared their experiences of doing business in Latin American and the successful stories, together with, gave the suggestion to Thai enterprises. For example, Mr. Phairush Burapachaisri, said Thai enterprises should seek partners in Latin America because it could be easily for understanding market demand and conducting business in accordance with local regulations and within the local financial system. Mr. Chompol Pornchindarak, Thai Gems and Jewelry Traders Association representative, said Latin America was not only a potential market for Thai jewelry exports, but also a source of raw materials for the industry.



SEA-LAC Trade Center : The Southeast Asia and Latin America Trade Center : University of the Thai Chamber of Commerce
126/1 Vibhavadee-Rangsit Road, Dindaeng, Bangkok 10400, Thailand. Tel. +66-2697-6641-2 Fax. +66-2277-1803 E-mail : sealac@utcc.ac.th