DTN chief lists 3 key challenges Thailand is facing in international trade

Problems ahead

She said Thailand faces three key challenges in trade, namely geopolitics, sustainability measures and the Russia-Ukraine war.

On the geopolitics front, Auramon said Thailand is being hit because both the US and China have taken several protectionist steps to stimulate their economy.

For instance, the US is controlling the export of high-tech products to China, and is employing its Inflation Reduction Act to promote its domestic electric vehicle and batteries industries, she said.

China, meanwhile, has launched measures to strengthen its domestic market and reduce reliance on overseas markets. It has also launched the “Made in China” campaign to boost the production of semiconductors to support 70% of domestic demand by 2025.

These measures have caused supply chain polarisation, creating risks for Thailand as it has to…