TCC: Volatile baht bad for export pricing

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BANGKOK, 29 August 2013 The Thai Chamber of Commerce (TCC) has expressed concerns that the baht depreciation will make export pricing more difficult. 

TCC Chairman Isara Vongkusolkit said on Thursday the volatile Thai currency would likely affect business, especially imports-exports. Although the current depreciation occurred in line with other currencies in the region, the weakening baht did not give Thai exports an advantage over its competitors, such as Indonesia, Malaysia and the Philippines, since the baht depreciated less than their currencies, the chairman said.

As for the political turmoil in Syria, Mr Isara said it almost had had no effect on Thai exports given exports to Syria were very small. However, the chairman said the situation in Syria might have a short-term impact on oil price.