BANGKOK, May 14 (TNA) – Thailand looks to find ways to
ease the impacts of US-China trade war that could cost the country US$5.6-6.7
billion worth of exports, says a senior Commerce Ministry official.
Ms Pimchanok Vonkhorporn, Director-General of the Office of
Trade Policy and Strategy Office said Tuesday Thai exports could shrink as a
result of fresh US tariffs on Chinese goods.
Shipments of hardest-hit electronics, automobile and
automobile parts were expected to sharply decline, she noted.
The Ministry planned to invite manufacturers of this product
groups to a meeting with senior government officials in order to discuss about
the effects they felt, as part of the supply chains for Chinese exporters, Ms Pimchanok
said.
One possible way was to seek joint venture with foreign
partners who had production base in the US or Mexico, she added.
Meanwhile, the Bank of Thailand (BOT) warned of foreign
exchange fluctuation amid uncertain trade and investment environment.
BOT’s Assistant Governor Chanthawan Sucharitkul said that businesses
must pay close attention to foreign exchange risk management arising from trade
war.
The central bank would assess the situation in the next
meeting of its monetary policy committee next month, she noted. (TNA)
