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Thailand, a Southeast Asian gem, boasts Bangkok as its vibrant capital and has a population of over 64 million. With the local time 14 hours ahead of the U.S., businesses operate from 8 AM to 5 PM, without daylight saving adjustments. Greeting in Thailand is characterized by the "Wai," a respectful gesture involving hands together at the chest and a slight bow. The economy heavily relies on agriculture, producing rice, fish, tapioca, rubber, and sugar. Notably, 95% of the population practices Buddhism, influencing both culture and business interactions.
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Doing Business with Thailand By Yang
Thailand • Located in Southeast Asia • Capital city is Bangkok • Language spoken is Thai • Population is 64,631,595
Time Zone and Business Hours • Time is 14 hours ahead of U.S. • Normal business hour are 8-5 • No Daylight saving time
Business Etiquette • Their greeting is known as “Wai” by putting both of your hands together by your chest and bending your head a little bit to your hands.
Goods • 60% of labor is agricultural • Rice, fish and fishery products, tapioca, rubber, corn, and sugar
Religion • 95% of Thailand is Buddhist http://media.gatewayva.com/wpn/slideshow/buddhists/buddhist5.jpg