thai

Middle East

Kuwait / คูเวต

รัฐคูเวต
State of Kuwait

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General Profile

Kuwait / คูเวต

  • The moderate Arab state that is a rich country because of oil exporting with rich of oil and natural gas
  • Potential in economy by importing many goods for consumption, including labor, from abroad
  • Policies: “Look East Policy”, “Economic Diplomacy” and “Free Trade”
  • Understanding about Thailand’s south border problem with supporting Thailand in the OIC
General information

     Area                        17,818 square kilometers (3.5% of Thailand)
     Capital                     Kuwait City
     Population              3.6 million people (2010)
     Languages               Arabic, English
     Religions                 Muslim (Sunni 70%, Shia 30%)
     King                         H.H. Sheikh Sabah Al-Ahmad Al- Jaber Al-Sabah
     Prime Minister        H.H. Sheikh Nasser Al-Mohammad Al-Ahmad Al-Jaber Al-Sabah
     Vice Prime Minister/ Foreign Minister
    
H.E. Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah
     Independence Day            February 25
     Thai-Kuwaiti Diplomatic Relation Foundation Day        June 14, 1963

Economic information (2010)

     GDP
                                  $130 billion (Thailand: $317.8 billion)
     GDP per Capita $36,111 (Thailand: $4,719.8)
     Real GDP growth 3.4% (Thailand: 7.8%)
     Exchange rate                  Kuwaiti dinar (KD) (1 KD = 112 THB) (Jun. 16, 11)
     Reserves                          $21.36 billion (Thailand: $185.6 billion)
     Inflation rate                   4% (Thailand: 3.3%)
     Oil reserves                     101.5 billion barrels (8.1% of world reserves)
     Oil - production               2.3 million barrels/ day (3.5% of the world)
     Natural resources            Oil, natural gas
     Industries Petroleum, cement, shipbuilding and repair
     Imports – commodities    Food, construction materials, vehicles and parts, clothing
     Imports – partners The European Union, the United States of America, Japan,
                                              China, Saudi Arabia
     Exports – commodities    Oil and oil products, fertilizers
     Exports – partners           Japan, South-Korea, Singapore, the United States of America,
                                              the European Union

Statistics of Thailand-Kuwait (2010)


     Trade value of Thailand-Kuwait     $800.62 million (Thailand:
                                                              export value $286.12 million decreasing 16.59%,
                                                              import value $514.51 million increase 28.06%,
                                                              trade deficit value $228.39 million)
     Export products of Thailand            Cars, machine and equipment, cement,
                                                              air conditioner and parts
     Import products from Kuwait          Crude oil, chemicals, oil, fertilizers and pesticides,
                                                              metal ore
     Tourism          5,372 Thai tourists to Kuwait (2008) (Increasing 41% from 2007)
                            40,125 Kuwaiti tourists to Thailand (2010) (Increasing 5.58% from 2009)
     Thai people in Kuwait       About 45 Thai students and 3,000 Thai labors
     Visa                 Free visa for 30-day stay for Kuwaiti people to Thailand
                             Need to apply for visa for Thai people to Kuwait
     Office of Thailand to Kuwait The Royal Thai Embassy in Kuwait
     Office of Kuwait to Thailand The Embassy of the State of Kuwait in Bangkok

Middle East Division, March 2010

Political Profile

Economical Profile

Relations

Agreements and Cooperation

  • Agreement between the Government of the Kingdom of Thailand and the Government of the State of Kuwait on Economic and Technical Cooperation
    Date Signed 13 August 2008
  • MoU on Conducting of Bilateral Consultations between the Ministry of Foreign Affairs of the Kingdom of Thailand and the Ministry of Foreign Affairs of the State of Kuwait
    Date Signed 13 August 2008
  • AGREEMENT BETWEEN THE KINGDOM OF THAILAND AND THE STATE OF KUWAIT FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME
    Date Signed 29 July 2003
  • ECONOMIC AND TRADE AGREEMENT BETWEEN THE GOVERNMENT OF THE KINGDOM OF THAILAND AND THE GOVERNMENT OF THE STATE OF KUWAIT
    Date Signed 7 March 1987
  • AGREEMENT BETWEEN THE GOVERNMENT OF THE KINGDOM OF THAILAND AND THE GOVERNMENT OF THE STATE OF KUWAIT FOR AIR SERVICES BETWEEN AND BEYOND THEIR RESPECTIVE TERRITORIES
    Date Signed 27 April 1976