FTI prepares Thai entrepreneurs for AEC

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BANGKOK, 3 July 2012  – The Federation of Thai Industries (FTI), Trang Chapter, has discussed with Thai industrial entrepreneurs concerning their readiness for the economic integration in ASEAN.

Chairman of the FTI, Trang Chapter, Withee Supithak said a discussion has been arranged with Thai entrepreneurs regarding the preparation for the ASEAN Economic Community (AEC) formation in 2015, adding that most of the industrial operators were found to be in the process of gearing up for the occasion.

The Chairman believed the emergence of the AEC will benefit the industrial sector despite the more intense competition in the region. He assured that Thai products are in demand and the quality is also at a high level, so there will be no need to worry about Thailand’s export when the AEC comes into being.

However, one of the issues Thailand will encounter when the integration takes place is that there will be a lot of alien labors leaving Thailand to return to their home countries, especially the Burmese who have played a major role in Thai industries.

Mr. Withee also mentioned that in this time of global economic downturn, there has not been much impact on Thailand’s industrial sector, except for Trang’s processed rubber wood business which has been suffering from a decrease of orders from China.