DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/c3fade/thailand_defence_a) has announced the addition of the "Thailand Defence and Security Report Q4 2011" report to their offering.
Thailand's recent elections went ahead surprisingly smoothly. The United Front for Democracy Against Dictatorship (UDD) political group or, more specifically, the Pheu Thai Party, won in a landslide victory against the Democrat Coalition.
The election was surprising, not only for the outcome which was better for the UDD than we had anticipated but also for the aftermath. A month after the election, the new government has settled in surprisingly well, easing tensions with the military and being immediately accepted by the king. Most notably, there has been very little unrest. This alone sent share markets soaring, returning with a surplus after they flinched in anticipation of protests and rioting. Overall, this has been an astounding victory for the red-shirts' and the Shinawatra backed progressive parties.
The new Pheu Thai government led by Yingluck Shinawatra, the younger sister of exiled former prime minister Thaksin Shinawatra will undoubtedly adopt many of the policy positions of her elder brother's administration.
The granting of Major non-NATO ally' status to Thailand by the US and the West in general have opened up access to more advanced weapons systems and will allow arms imports to increase. These new options are likely to be taken full advantage of, as the Thai military looks for new equipment for its counter-insurgent hunter-soldiers' and as it seeks to better fight the radical Islamic rebels in the south. Additionally, Thailand's desire to develop an indigenous defence industry through technology transfers is also expected to encourage greater purchases. Arms exports are likely to be non-existent, except for a few surplus articles delivered, such as the Bronco aircraft donated to the Philippines in late 2003.
Companies Mentioned:
- Loxley
- Minebea
- Thai-Italian Interarms Company
For more information visit http://www.researchandmarkets.com/research/c3fade/thailand_defence_a