Asean partners taking over Thailand's old markets | Bangkok Post: news

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Thailand losing trade competitiveness

Asean partners taking over Thailand's old markets

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Thailand is losing its export markets to other members of the Association of Southeast Asian Nations (Asean) because of the Asean+3 trade agreement and the continuing political problem, according to Aat Pisanwanich, director of the Centre of International Trade Studies at the University of the Thai Chamber of Commerce, 

Between 2007 to 2013 Thailand had lost export markets worth about 180 billion baht to other Asean members. During that period it also signed a trade agreement under the Asean+3 grouping that includes China, South Korea and Japan, Mr Aat said on Thursday.

The lost markets included rubber, automobiles, auto parts, transport equipment, wooden products, electrical appliances, rice, palm oil and garments - industries that make up about 50% of Thailand's exports.

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