The Kingdom of Thailand is a Constitutional Monarchy located in the center of mainland Southeast Asia.
With a total area of 513,120 square kilometers (198,117 square miles), Thailand is the fifth largest country in the world. It is bordered by Myanmar to the Northwest, Laos to the Northeast, Cambodia to the East, and by the Gulf of Thailand (South China Sea) to the South.
Thailand is the second largest economy in Southeast Asia, with a $465 billion GDP in 2018, and a total population of more than 68 million people (2016, Banque mondiale).
Thailand is a newly industrialized country. The industrial and service sectors are the main sectors in the Thai gross domestic product. However other service sectors (finance, education, hotel, restaurant), telecommunications and trade in services are emerging as centers of industrial expansion and economic competitiveness, its economy is still heavily export-dependent.
Thailand main trading partners are Japan, the United States, China, Singapore, and Malaysia. The most important import categories by value are machinery; chemicals and related products; petroleum; iron, steel, and other metals; and raw materials of various types. Machinery is also an important manufactured export, along with chemicals and chemical products, telecommunications equipment, road vehicles, and clothing and accessories. The United States is among Thailand’s largest export markets, and Japan is among the country’s biggest sources of imports
EU remains Thailand third-largest trading partner (after the Japan and China before the United States and the Malaysia) and trade accounted for 33.8 billion € in 2016.
Thailand is, historically, France oldest partner in Southeast Asia. The two countries celebrated the 160th anniversary of their relationship in 2016 (the Treaty of friendship and trade between Siam and France was signed on August 15, 1856).
Thailand, ASEAN's second largest economy, is France 2nd market after Singapore (2.3 billion € of French exports).
France is the 3rd European investor in Thailand, with a stock of investment reaching 1.7 billion € in 2016 (Bank of France). Close to 280 French companies and 500 to 1,000 independent entrepreneurs are based in Thailand, mainly in the field of services.
With nearly 740 000 French tourists in 2016, Thailand hosts half of French visiting the Asia-Pacific region, and hosts the largest community of French residents in Southeast Asia with Singapore (approximately 30 000 French resident).
In this context, Simon Associés entered into a strategic alliance agreement with DFDL Law Firm.
As a full-service law firm, DFDL’s multicultural professionals (more than 300 people, including 21 partners) worked together to deliver solutions across a broad spectrum of practice areas such as: Real Estate, Banking & Finance, Corporate & Commercial, Energy, Mining & Infrastructure, Tax, Labor Law, Commercial Litigation & Arbitration, to provide a level of service that bridges the gap between the law and modern business reality.
DFDL Law Firm excels in cases related to Thai-based financial institutions and businesses investing in the region and received many awards: Cambodia and Lao PDR, Leading Firms 2018 (The Legal 500 Asia Pacific), Asia-Pacific Power Deal of the Year 2018 (Project Finance International, Thomson Reuters), Myanmar, Project Finance Deal of the Year (IFLR Asia Awards).