Smarter trade deals neededMany Thais rejoiced after Joe Biden won the US presidential election over the weekend. But certain concerns remain as the US changes its leader; in particular, challenges currently facing Thailand's international trade. What the Thai government must do is hasten the mapping out its of its international trade strategy, a process currently moving at a snail's pace. As several bilateral and multilateral trade agreements including trade deals with both the UK and EU, are pending, the government should look into a possibility to speed up the process. Of course, all trade agreements need careful consideration but the government must work harder on policy and strategy and rely less on the continued patronage larger historical trade partners.

Source: Bangkok Post November 08, 2020 23:26 UTC