Thailand hopes to benefit from US, China trade war

30-Jul-2018 Intellasia | Under Current News | 6:02 AM Print This Post

Thailand is eying opportunities to sell more frozen and processed seafood, especially tuna as a result of the ongoing trade disputes between the US and China, Nikkei reported.

The country believes its overall exports can rise 8 percent this year to $236 billion and that increased seafood sales can provide a significant boost.

“What we see now is that processed food and frozen food are expected to be more expensive in both China and the US,” Poj Aramwattananont, president of the Thai Frozen Food Association, said. “This should be an opportunity for Thailand to penetrate into the two markets with competitive prices to be enabled by lower import tariffs.”


Category: Thailand

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