Aat Pisanwanich
BANGKOK (ANN): Thailand is likely to lose CLMV (Cambodia-Laos-Myanmar-Vietnam) markets to China in five years as this country currently has the most market share in the bloc, an economist warned on Wednesday (Nov 27).
A study has found that between 2004 and 2018, Asean countries imported seven times the amount of products it had imported previously from China, valued at US$277bil, while exports to the Asian giant were 4.1 times higher and worth US$194.53bil during the period, said Aat Pisanwanich, director of the University of the Thai Chamber of Commerce’s Centre for International Trade Studies.
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