The Thai government is being urged to accelerate the stimulation of border trade and establish joint special economic zones with bordering countries to boost trade and investment.
Such a move could help offset the impact from a spate of risks to the global market, such as a prolonged Russia-Ukraine war, an energy crisis and a sharp rise in the prices of agricultural raw materials and rare-earth elements, all of which would cause production costs in the manufacturing sector and product prices to rise accordingly, says the Thai Chamber of Commerce. Another risk is a broadening of trade retaliation between the US and China.
