The Federation of Thai Industries will revise its export growth projection for this year to 0-1% due to the US-China trade war. Kriangkrai Tiennukul, the FTI's vice-chairman, said the trade war is threatening trade and investment around the world. Mr Kriangkrai said Thailand's exports to China account for 12% of total export value, while shipments to the US account for 10%. "Thailand cannot avoid any negative momentum from the trade war," Mr Kriangkrai said. "Exporters should seek new markets as well, in order to diversify trade war risks, and Southeast Asia has good potential."

Source: Bangkok Post May 24, 2019 00:26 UTC