"The arrival of the new e-commerce platform will intensify competition in the Thai market as cheap Chinese imports are expected to increase," he said. Chinese traders target Thailand because of the high rate of online shopping carried out by Thai people. As Chinese imports further increase, some manufacturers have halted production and decided to change their business by importing goods from China for sale instead. He expects the number of industries under the FTI that are affected by low-cost Chinese products would increase to 30, up from 25. Authorities are also working with logistics companies to check the warehouses where many such imported products are kept, she said.

Source: Bangkok Post August 01, 2024 15:30 UTC