With the AEC in full swing, Thailand has been losing market share in farm products to neighbouring countries. PATIPAT JANTHONGAs the Asean Economic Community (AEC) enters its second year, Thailand is set to lose further market share in agricultural and processed agricultural products to Cambodia, Laos, Myanmar and Vietnam (CLMV), new research says. Also being close to China, the CLMV countries are able to import Thai products for re-export to China's massive marketplace. Asean's overall agricultural and processed agricultural product market is large, having boasted robust annual growth before the AEC's implementation. Malaysia came second with imports worth 381.5 billion baht, up from 369.1 billion, followed by Indonesia at 344.8 billion, up from 324.1 billion.

Source: Bangkok Post February 01, 2017 00:21 UTC