BANGKOK (Reuters) – Thailand’s economic system stands to achieve from any U.S.-China commerce warfare, Thai Commerce Minister Pichai Naripthaphan stated on Thursday, including the Southeast Asian nation had good relations with each nations and wouldn’t must take sides in a dispute.
In a commerce warfare, U.S. imports of Chinese language items would drop and Thai merchandise ought to substitute them, that means that Thai exports to the U.S will improve, he informed reporters.
“We have a good balance between the U.S and China … the Americans love us, the Chinese love us, we don’t have to choose sides,” he stated, including a delegation of American companies go to Thailand in November.
Pichai stated he hoped for extra funding from the US, citing plans by arduous disk producers Seagate and Western Digital (NASDAQ:) to broaden their present operations in Thailand.
