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Thailand: Private sector calls for assessing economic impact of Russia-Ukraine tension

The private sector is calling on the Thai government to set up a joint public-private committee to assess the economic impact of Russia-Ukraine tension.
Thailand: Private sector calls for assessing economic impact of Russia-Ukraine tension ảnh 1Illustrative photo (Source: AFP/VNA)
Bangkok (VNA) - The private sector is calling onthe Thai government to set up a joint public-private committee to assess theeconomic impact of Russia-Ukraine tension.

Supant Mongkolsuthree, Chairman of the Federation of ThaiIndustries (FTI), expressed concern that the ongoing tension, which hasresulted in the closure of some flight routes, might affect goods transport.

Supant wants the government to set up the committee to dealwith problems that arise when the situation has not shown any signs ofcooling down.

Meanwhile, Sanan Angubolkul, Chairman of the Thai Chamber ofCommerce, urged the government to closely monitor the international tradeenvironment and assess the disruption of the global supply chain to have timelysolutions.

President of the Thai National Shippers’ Council (TNSC) ChaichanChareonsuk also suggested that the Thai government speed up the negotiationprocess with China to open road and rail routes serving the export of goodsto countries in Central Asia and Europe in case sea lanes are impeded.

With nearly 60 percent of Gross Domestic Product (GDP) dependingon exports, the Thai economy is facing the risk of significant damage in thenear future, given air and maritime transport routes impeded due to Westernsanctions against Russia./.
VNA
#Thailand#joint public-private committee#private sector#Russia-Ukraine tension#vietnam news agency#vietnamplus
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