International markets worry about trade and investment in Thailand

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BANGKOK, 20 May 2014,  – According to the Commerce Ministry, commercial officials linked to Thai embassies worldwide have reported that their respective countries have expressed concerns over trading and investment in Thailand as the political crisis lessens their confidence, preventing them from sending business operators to the kingdom. 

The embassies’ commercials officials have voiced their opinions, saying that, if the problem persists, the nation’s exports will suffer as foreign investors move away from Thailand to other markets.

The Commerce Attache in Osaka attached to the Thai Embassy, Japan, has admitted the political situation in Thailand has affected Asian investors’ confidence especially those in Japan, adding that the country has closely followed the latest developments in the kingdom’s political mayhem.

The sentiment was shared by commerce attaches in Washington, US; Jakarta in Indonesia; Austria’s capital Vienna, and London in the UK.

An adviser to the Commerce Ministry, Ampawan Pichalai however is confident that the nation’s exports can still grow, thanks to the recovering global economy especially in the U.S., the European Union, Japan and in ASEAN. She said that the Ministry yesterday met with commerce officials attached to 64 Thai embassies around the globe on current obstacles to exports, adding that today the Ministry expected to readjust the export target figure to reflect the current situation.