Trade officers prepare for Trump era

Amid concern over the impact on Thailand’s export growth of so-called “Trumponomics” under the new US president and the United Kingdom’s Brexit vote, Thai trade officers from 63 posts in 47 countries will attend a meeting in Bangkok on February 22 that has been called by Deputy Prime Minister Somkid Jatusripitak. Deputy Commerce Minister Sontirat Sontijirawong said US President Donald Trump’s trade policy and Brexit – the UK’s electorate’s decision to leave the European Union – were the two major factors of concern in regard to their effect on global trading this year. “Thai trade officers will discuss and brainstorm for trade strategies to handle any unexpected trade measures that might be imposed by the US against China or others. Although US trade policy should not have a direct impact on Thai goods exports, indirect trade effects on exports to China and ASEAN countries are expected – and Thailand should therefore draw up new strategies to drive export growth,” he explained.

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