Pest Analysis For Thailand And Sri LankaEssay Preview: Pest Analysis For Thailand And Sri LankaReport this essayIntroductionAs the newly appointed Vice President of International Marketing research it is my job to help seek to internationalize our business operations. The Chief Executive has identified Thailand and Sri Lanka as high-potential countries that we can do business with. It is now my job to look at public domain resources that will provide us with information about the exporting marketing and international sourcing of these countries and then analyze if these countries are a good choice for our U.S. based company to do business with.
P.E.S.T Analysis — Part One1. U.N. Comtrade DatabaseThe database is able to tell us the amount of trade in dollars between any trading nations. Import and exports of any commodity is available which helps us determine the trading patterns between the US and either Thailand or Sri Lanka.
2. CIA World FactsbookThe CIA World Factsbook provides us with information that is useful for determining if a country is a suitable to do business with. It gives details about the country’s economy which includes factors such as growth rate and purchasing power.
3. Nation MasterNation Master allows us to compare countries to each other to help us decide which potential country would be best for us. The website not only gives information about the economy but also about the imports, exports, and the products the countries produce. Nation Master uses many other sources to obtain its information which makes it very reliable.
4. 2007 National Trade Estimate Report on Foreign Trade BarriersThis website gives us information on trade agreements that were made between the United States and other countries which benefits us tremendously. It tells that Thailand is the United States’ 20th largest trading partner which is very good. National Trade Estimate also provides information relating to expansion of market access of American goods and international commodity agreements.
5. International Trade CentreThe International Trade Centre provides information based on a country’s export and import performance. We are able to compare the products that are traded. Being a surf and skate brand many products are necessary such as parts for our boards and fabric for our clothing. This website allows us to compare the trade flow of each of these products.
6. TradeStats Express — State Export DataTradeStats Express allows us to see export relationships between US states and countries. We are able to analyze from the information given to us if we have a good standing relationship with either Sri Lanka or Thailand. The website provides us with the products and commodities we are exporting to the countries.
7. Trade PortTrade Port provides many resources that can be helpful in our market research. Resources such as rules of trade and country profiles allow us to decide which country is best for us to trade with. It focuses on not only with the United States in general but specifically California where our business is located.
8. U.S. Census BureauThe U.S. Census Bureau provides us with charts for the available years that the U.S. did trade with Sri Lanka. We are able to compare exports, imports, and trade balance in U.S. dollars of each year and determine the growth patterns in each category.
9. Thailand’s Department of Export PromotionThis website provides information relating to trading with Thailand. It offers product profiles and export procedures which is essential in determining if they are a good country to do business with. Knowing the products they specialize in along with the process of exporting which includes tariffs, laws and regulations, and fees is very useful.
10. Sri Lanka Business Portal — Trade InformationThe Sri Lanka Business Portal provides information pertaining to trade. It gives us information such as import and export procedures, restricted imports and exports, and tariffs and taxes. Another useful resource is the potential markets Sri Lanka has, the United States being at the top.
11. EconomyWatchThis website contains information about both Thailand and Sri Lanka’s economy. It allows us to compare the factors of each economy which include growth rate, life expectancy, and levels of imports and exports.
12. Economist.comEconomist.com is a website that provides us with information about a country’s economy. It gives us more information about the structure of the country’s economy, politics, and basic information. It also provides us with an economic and political forecast for the upcoming years which can be very useful.
Part TwoCountry One – ThailandPolitical —Political Stability: Officially known as the “Kingdom of Thailand,” Thailand is a constitutional monarchy. Although the head of state is the King, he is given little direct power but is a symbol of identity and unity. Environmental Regulation and Protection: The rise of environmental protection programs for Thailand was brought about due to the Promotion and Enhancement of Environmental Quality Act of 1975. Protection programs were made according to the current environmental issues occurring in Thailand. Its main issues include water pollution due to organic and factory wastes, air pollutions from vehicles, deforestation, erosion, and the nation’s
-¬˜. Environmental Protection: In the country, Environment was the top priority with the Protection of Communities and Small Areas. The Government, with the support of the National Environment Agency, signed an Agreement on the Promotion of Communities and Small Areas (PRAC). The Agreement aims to increase environmental protection in Thailand and the National Environment Agency (ENA) is responsible for monitoring and monitoring the programme under the Protection of Communities. It should be noted that although the PRAC does not have comprehensive environmental protection programmes, it has some essential recommendations. The Programme should start from a sustainable, sustainable development agenda and the government can start by promoting sustainable growth and development in areas in different regions and by developing energy efficiency and renewable energy technologies. All of the programs should be initiated in all areas by the government.
Practical and Strategic Goals: In the main, the government plans how to develop and strengthen the national environmental policy, a good development strategy, and environmental sustainability, including the promotion of the national ecological agenda, as well as developing sustainable development practices for the country, as well as effective national planning and regulation of the national resources (such as rivers and forests).
Achievements: The government is committed to enhance protection for the environment, with the aim having achieved its objective one way or another. All the measures adopted in various stages in the past have been successful but in a different sense and in a different aspect. With the goal of reducing environmental pollution, cleanliness of the environment itself, pollution-reduction schemes and the environment-efficiency initiatives, this year, the government also began a comprehensive and effective environmental policy for the country, the National Environment Agency (ENA) has appointed members of the country’ and the National Environmental Committee (NEMA) to oversee all policy activities, develop the national environmental policy, promote environmental cooperation between state and federal agencies, promote national environmental policy and encourage environmental development, to the fullest extent possible, by developing an environmentally responsible national infrastructure, of a national character, sustainable development policies and a comprehensive national environmental planning and regulation scheme, including National Development Plans (NDPs). These NDPs will be led by two senior members of the governmentвЂĐ-œ, including the National Environment and Natural Resources Minister, the Environment Department and Minister of Environment and Natural Resources.
Solutions and Recommendations: The government introduced two national environmental development policies, the Environmental Charter (EN) and a Community Charter (CBT). These are based on national objectives for all the stakeholders of the country, including the National Environmental and Natural Resources Minister and the Environmental Development Minister. These measures also include the establishment of sustainable development policies and environmental planning and regulation schemes, so