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Sunday, May 5, 2024

Geopolitical tensions seen as major risk to Thai economy, experts say

Meanwhile, the Chiang Rai Chamber of Commerce has pointed out that China is accelerating the development of its land transport infrastructure.

The chamber’s vice-president Pakaimas Vierra noted that due to the increasing tension in the South China Sea, a crucial maritime transportation route for both China’s imports and exports, China is intensifying its investments and development of land transport routes. This is particularly evident in the border areas connecting to Laos and Myanmar, extending down to Thailand.

There are also road connections leading to the southern part of China. Currently, there are construction projects for roads, bridges, and improvements to the road network connecting to the three border checkpoints in Chiang Rai: Mae Sai, Chiang Saen, and Chiang Khong.

Furthermore, discussions are underway for collaboration with the Thai Chamber of Commerce to jointly…

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