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BOT seeks help from American Chamber of Commerce on Trump’s trade policy

The Board of Trade of Thailand (BOT) has sent a note to the US Chamber of Commerce voicing concern that the US-China tit-for-tat action may eventually harm Thai exports.

Kalin Sarasin, chairman of the BOT, said although Thailand has not been affected yet by the US-China trade war, but the Thai private sector has voiced grave concern about the retaliatory action of the two countries, and would like the BOT to officially write to the American chamber for its help to Thai business operators who might be affected.

Kalin Sarasin

Mr Kalin said the BOT has told the American chamber that the ongoing retaliatory action would eventually harm Thailand and asked that it specially takes care of Thailand.

Meanwhile, director of the University of Thai Chamber of Commerce’s Center for Economic and Business Forecasting Thanawat Polvichai said the tit-for-tat action would not spread and become a full blown trade war.

He saw negotiation is still open to end the dispute.

Finance Minister Apisak Tantivorawong said Thailand ‘s less dependence on export markets might ease the impact from the dispute.

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