BANGKOK (The Nation Thailand/ANN): Thailand should take advantage of the current trend of European firms moving out of China, by negotiating more free trade agreements (FTA)s with European countries.
Chaichan Charoensuk, chairman of the Thai National Shippers’ Council (TNSC), said on Friday that a survey had found that most European firms found doing business in China tough due to political interference.
The survey was conducted by the European Union Chamber of Commerce, and 55% of its 570 members said doing business in China is not as “attractive” as in the past. The firms also do not expect the situation to improve in the next five years.
“The survey found that 10% of European businesses have already withdrawn from China, and some 20% are planning to shift their regional offices to…
