Chamber sees rosy future for cross-border business | Bangkok Post: business

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Chamber sees rosy future for cross-border business

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  • Newspaper section: Business
  • Writer: Nanchanok Wongsamuth & Wai Moe
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Thailand's border trade with neighbouring countries is on track to more than quadruple to 2 trillion baht in three years but greater acceptance of Asean currencies for trading in addition to the US dollar is crucial, say businessmen. 

Pairush Burapachaisri, vice-chairman of the Thai Chamber of Commerce, said language barriers and difficulties relating to financial transactions are among the obstacles hindering the potential of cross-border trade.

Mr Pairush recommended that Thai businesses should increase their willingness to accept Asean local currencies to boost border trade.

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