October 17, 2008
Bangkok - Thailand’s export value tends to drop after the Thai-Cambodian border clashes, but Cambodian will be affected more, according to the Thai Chamber of Commerce (TCC).
It was estimated the export value would fall from 60 to 48 billion baht.
Cambodia would be affected in terms of Preah Vihear tourism, trade and investment support derived from Thailand.
The joint trade volumes in the past eleven month of this year valued more than 49 billion baht.
Thailand had the trade surplus of nearly 45 billion baht over Cambodia.
This year’s border trade would not grow as much as last year’s due to clashes between the two countries.
Thai-Cambodian trade was expected to grow only 5% this year. Thai products are still in demand.
University of the Thai Chamber of Commerce’s Thanawatch Polvichai said the border trade would be affected only in the short run.
He believed the conflict would be resolved positively.
