Intellectual Property in Thailand comes under the purview of the Department of Intellectual Property. Thailand became bound by the ‘Patent Cooperation Treaty’ (PCT) in December 2009.
For further information on filing in Thailand, please contact Rachel Hooke.
Thailand fared well through the global financial crisis with the implementation of a fiscal stimulus package and monetary easing. Severe floods in the second half of 2011 left the economy vulnerable, and the GDP fell 7.7 per cent between 2010 and 2011. Since then, Thailand’s GDP has seen wide fluctuation as a result of shift in domestic consumption, demand, and investment. In 2015, the Thai GDP was US$373.5b.
In 2014, the government announced an agenda for economic reform to improve its appeal as a trading hub in the region and to develop the Thai digital economy. Reforms will include the promotion of overseas Thai investment, reduction in the cost of doing business, tackling corruption, better in infrastructure and logistics, improved tax structure, and the development of a digital economy government body. These reforms are aimed to improve the private sector, trade, and overseas investment.
Australia and Thailand have a longstanding diplomatic relationship dating back to 1952 through a shared interest in trade and investment, law enforcement, counter-terrorism, education, security, migration, and tourism.
In 2005, a treaty-level Agreement on Bilateral Cooperation, the Thailand-Australia Free Trade Agreement, was implemented providing a framework for the future of the Australian-Thai relationship. The Agreement covers non-trade areas such as telecommunications, energy, education, and law enforcement, and progressively eliminates Thai tariffs on Australian imports by 2025. Businesses trading with Thailand can also use the ASEAN-Australia-New Zealand Free Trade Agreement.