Prime Minister Srettha Thavisin said that the dumping of cheap Chinese-made elephant pants in the Thai market is a normal and opportunistic trade practice that should serve a lesson for Thai businesses to work faster to protect their interests.
The prime minister was responding to a reporter’s question about the flooding of Thai market with the cheap Chinese-made garments, which start at about 30 baht (6 yuan) wholesale price.
Thai retailers are selling them at 65 baht apiece for shorts, 75 baht for longs or two pairs for 150 baht.
“This is nothing new in doing business. Where there is an opportunity, there are opportunists. If we do not act fast, we will lose the opportunity, like have done before on several other things,” said the prime minister.
He also said that the first things that Thai businesspeople should do to beat the opportunists is to understand and undertake…
