The Federation of Thai Industries (FTI) is worried the Russia-Ukraine crisis may affect car exports, which already dropped by 5.8% in January because of the prolonged global semiconductor shortage.
The invasion of Ukraine and resulting sanctions to be imposed by the US and its allies are not good for the global economy, said the federation.
“We have to monitor whether the crisis will turn more serious as well as what impact will be brought by the sanctions,” said Surapong Paisitpatanapong, vice-chairman and spokesman for the FTI’s automotive club.
“These factors may lead to a sluggish global economy, which will eventually affect our car exports.”
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