Impacts on economy and trade inevitable after US election

To cope with impact on Thai economy, Poonpong advised relevant agencies to closely follow the US presidential election to keep up with candidates’ policies on economy and foreign affairs, especially those that would affect Thailand’s trade, investment and supply chain; launch trade protection measures as appropriate to protect Thai industries from an influx of US products on the global market; boost the potential of Thai entrepreneurs along with enhancing the country’s competitiveness by attracting investment in target industries, develop an ecosystem that supports business operations and negotiate free-trade agreements.

He also recommended strengthening relationships with trade partners to cope with risk of economic decoupling, including collaboration on innovation, technology and production while paying close attention to the country’s economic status, such as policy…