Pill Identifier App

USA for Innovation Launches ThaiLies.com

Website Highlights Deceit by Thailand's Minister of Health

WASHINGTON, May 07, 2007 /PRNewswire-USNewswire/ -- ThaiLies.com (http://www.thailies.com), a project of USA for Innovation, was unveiled today to draw attention to the deceit in Thailand's decision to steal American and European innovation. Each business day for two weeks from May 7 - May 18, ThaiLies.com will release additional information regarding one of the ten recent lies by the Health Minister Mongkol na Songkhla.

Today's Lie

Is Thailand a poor country that cannot afford Western medicines?

In fact, just the opposite is true. Thailand has the 21st largest economy in the world when measured by gross domestic product (GDP) derived from Purchasing Power Parity (PPP) calculations. According to the CIA World Fact Book 2007, Thailand's economy is more productive than over 200 countries -- placing Thailand among the top ten percent of richest countries in the world.

Earlier this month USTR noted that Thailand continues to suffer from "widespread commercial IPR counterfeiting and piracy." The new Thai military regime, which assumed power by coup last September, has now introduced direct government theft of American innovation into the quickly deteriorating U.S.- Thailand relationship through its theft of the intellectual property of three drugs produced by American and European companies.

#1 of 10

Lie: Thailand is a poor country and cannot afford Western medicines.

Fact: Thailand Has One Of The Largest Economies In The World.

Thailand has the 21st largest economy in the world when measured by gross domestic product (GDP) derived from Purchasing Power Parity (PPP) calculations. Many experts believe analyzing economic activity using PPP is the most accurate method because it allows comparisons in living standards by taking into account the relative cost of living and the inflation rates of the countries. According to the CIA World Fact Book 2007, Thailand's economy is more productive than over 200 countries -- placing Thailand among the top ten percent of richest countries in the world.

(CIA Fact Book, Accessed 5/3/07)

Fact: Thailand's Economy Is Growing Faster Than Over 100 Countries Across The Globe.

In 2006, Thailand's economy grew at a 4.8 percent clip -- ahead of 106 other countries around the world. Among the countries whose growth were outpaced by Thailand were the United States (3.4%), Switzerland (2.9%) and the United Kingdom (2.7%).

(CIA Fact Book, Accessed 5/3/07)

Fact: Thailand Has The 17th Lowest Unemployment Rate In The World.

According to the CIA World Fact Book, in 2006 Thailand's unemployment rate was only 2.1 percent -- over half the rate of the United States (4.8%) and about one-third the unemployment rate in Canada (6.4%).

(CIA Fact Book, Accessed 5/3/07)

Fact: Thailand's Exports Total Over $123 Billion -- Ahead Of Almost 200 Countries In The World.

In 2006, it is estimated that Thailand exported $123.5 billion, ahead of Australia ($117 billion) or India ($112 billion).

(CIA Fact Book, Accessed 5/3/07)

Fact: Thailand's Industrial Production Is Growing At A Faster Rate Than The European Union, Japan, And 100 Other Countries.

In 2006, Thailand's industrial output grew six percent -- double the growth of industrial production worldwide. Thailand's output was well ahead of Japan's 3.2 percent growth and the European Union's 2.6 percent.

(CIA Fact Book, Accessed 5/3/07)

About USA for Innovation and ThaiLies.com

USA For Innovation is a non-profit organization dedicated to the protection of intellectual property and continued innovation around the globe. USA For Innovation educates decision makers, the media and general public about threats to innovation. ThaiLies.com is a project of USA for Innovation intended to expose the web of deceit by Thailand's Health Ministry. For additional information, please contact us at 866-646-8668 or . john@usaforinnovation.org

CONTACT: USA for Innovation, +1-866-646-8668, john@usaforinnovation.org

Web site: http://www.thailies.com/

Terms and conditions of use apply
Copyright © 2007 PR Newswire Association LLC. All rights reserved.
A United Business Media Company

Posted: May 2007


View comments

Hide
(web1)