AMATA advises Thai businesses to diversify export markets and leverage Thailand's potential as an ASEAN production base amidst US tariff policies. | YDIN
AMATA advises Thai businesses to diversify export markets and leverage Thailand's potential as an ASEAN production base amidst US tariff policies.
AMATA Corporation PCL. recommended that Thai entrepreneurs adapt to US import tax policies by diversifying export markets and leveraging Thailand's geographical advantages to attract investment.
This strategy aims to reduce reliance on the US market, foster new trade bases, and maintain Thailand's competitive edge in global manufacturing, especially within the growing ASEAN and Chinese markets.
Fast Facts
·
US policy: Import tax increases
·Impact: Affects export-oriented production bases globally, including Thailand
·Recommended strategy: Diversify export markets, reduce reliance on US, develop new products
·ASEAN trade growth: Approximately 10% annually
·Key markets for diversification: ASEAN, China
·AMATA industrial estates: Located in Thailand, Vietnam, and under development in Laos
·AMATA tenants: 80% are export-oriented manufacturers
·Thai export market shift: Decreased reliance on US, Europe, Japan; increased focus on ASEAN, China
