Min of Commerce says US-China trade war likely to benefit Thailand

[webfact]

Min of Commerce says US-China trade war likely to benefit Thailand

 

 

BANGKOK, 17th July 2018 (NNT)-The Ministry of Commerce is keeping an eye on the trade war between the United States and China in order to protect the Thai export sector. 

Commerce officials have been weighing up the pros and cons of the ongoing trade war between the two powerful nations, with members of the private sector since it began. 

They discovered that the trade war is likely to do more good than harm to the export sector as it has given Thailand an opportunity to promote exports of certain goods to America and China, in place of those facing higher tariffs. 

Thailand can export more seafood, fruit and meat to China as it will cost the country more to import from America. Despite a positive outlook, the Ministry of Commerce will continue to monitor the trade war closely to mitigate any impact on Thailand's export sector. 

As for this year’s export growth, the Ministry of Commerce is set to raise the previous projection of 8% given current supporting factors. The new growth forecast will be released next month.

 

-- nnt 2018-07-17

 

[Retiredandhappyhere]

Teflon Thailand. They obviously have millions of tons of it in store. If only they owned the patent, they could export it in vast quantities.