Thu. May 26th, 2022

The Bank of Thailand (BOT) has assured the public that the kingdom’s
economy will not be affected by the European Union’s recent downgrading
of ties.

BOT Governor Prasarn Trairatworakul said that
Thailand’s exports are currently not impacted by the EU’s response to
the coup, as the bloc did not boycott Thai goods. The union has earlier
stated that measures taken by it are not sanctions.

He
elaborated that if the EU intends to impose sanctions against Thailand, only a number of sectors will be affected. Thailand’s total
exports to the region are not considered as high as those exported to
other markets.

Thailand’s reputation has also suffered from accusations of slavery in the fishing industry.

Private and public sectors have been clarifying any misconceptions to
the international community to prevent Thai products from being
tarnished by the human trafficking allegations.-VNA

By vivian