Thailand to benefit from US-China trade tensions: Commerce Minister

Pichai emphasises Thailand enjoys strong relations with both US, China, preventing it to take sides in the dispute

 

Thailand’s Commerce Minister, Pichai Naripthaphan, expressed confidence that the country’s economy would benefit from any potential US-China trade conflict.

Speaking on November 7, Pichai emphasized that Thailand enjoys strong relations with both the US and China, which would allow it to avoid taking sides in the dispute.

Pichai noted that in the event of a trade war, US imports of Chinese goods would decrease, creating an opportunity for Thai products to fill the gap.

This shift could lead to an increase in Thai exports to the US, particularly as American businesses seek alternatives to Chinese suppliers.

"We have a good balance between the US and China," Pichai said. "The Americans love us, the Chinese love us, we don't have to choose sides."

He also highlighted an upcoming visit by a delegation of American businesses to Thailand, further signaling potential for strengthened economic ties with the US.

The minister also expressed hope that the US would increase investment in Thailand.

He pointed to plans by major US tech companies, Seagate and Western Digital, to expand their operations in the Southeast Asian nation, further cementing the strategic economic partnership between the two countries.

Thailand’s neutral position in the trade dispute could enhance its attractiveness as a manufacturing hub, benefiting from both US and Chinese trade and investment flows.

The country’s export-driven economy is seen as well-positioned to seize opportunities created by shifting global trade patterns.

Previously, over 100 experts and officials from China and Thailand’s natural resources and marine departments gathered in Chiang Mai for a three-day conference on marine scientific and technological cooperation.

The event, which ended Thursday, featured a steering committee meeting and joint workshop, where both countries reaffirmed their commitment to strengthening international collaboration on marine issues.

As tensions between the US and China continue to rise, Thailand's ability to maintain strong trade relations with both powers could make it a key beneficiary in the ongoing global economic realignment.