Thailand‘s 1.31 trillion baht worth of exports to Europe and the Middle East hangs in the balance as armed militants threaten a vital trade route.
Expert warnings of a trade catastrophe are ringing alarm bells worldwide.
Amid escalating conflicts in the Red Sea, Associate Professor Aat Pisanwanich, an international economics guru, has raised the red flag on the severe consequences for Thailand’s exports.
“It’s a perfect storm, with shipping firms forced into costly detours, potentially crippling our trade to Europe and the Middle East.”
Pisanwanich highlighted the critical role of the Suez Canal, where 15% of global shipping traffic navigates. With an estimated US$3 trillion (approximately 104 million baht) of the world’s US$25 trillion trade relying on this route, the stakes are high. Last year alone, Thailand’s exports to 15 Middle…
