ECONOMY
BoT: Inflow control in danger of ebbing under TPP
- Published: 17 Nov 2012 at 00.00
- Newspaper section: Business
The Bank of Thailand should retain the right to implement measures that manoeuvre foreign capital inflows in any negotiation of the Trans-Pacific Strategic Economic Partnership Agreement (TPP), says governor Prasarn Trairatvorakul.
He said the economy has recorded a fairer balance between capital inflows and outflows this year, and along with declining trade gains these have reduced the pressure on the baht's appreciation.
US President Barack Obama is expected to push for Thailand to enter negotiations for the TPP during his visit here.
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