Geopolitics has the potential to significantly influence global trade dynamics, particularly as tensions rise and alliances shift among nations. KEY FACTORBenjarong Suwankiri, senior executive vice-president of the Export-Import Bank of Thailand, said geopolitics has become a crucial factor in strategic planning. According to Mr Benjarong, geopolitics is a critical factor in determining how external environments impact Thai businesses and the economy. For example, Thailand exports rubber products and electrical appliances to the US as substitutes for Chinese goods. However, this substitution is limited, as the products the US imports from China are not the same as those Thailand exports.
