Thailand is more than just a tranquil holiday destination; it is a thriving commercial hub with a successful dispute resolution market. Alastair Henderson and Surapol Srangsomwong report

Thailand evokes predictable images of beaches and temples, friendly people and the urban hubbub of Bangkok. But behind these cliches lies the harder commercial reality that Thailand is also a major trading partner and investment market for international businesses. In 2006, Thailand’s total trade stood at $28bn (£14.1bn) with the US and $27.5bn (£13.8bn) with the European Union (EU).