Thai producers worried about flood of Chinese goods through China-Laos railway network

Growers in Thailand are concerned about the China-Laos railway network, fearing it lead to a flood of Chinese goods coming into the country. The Thai Chamber of Commerce has raised concerns that the China-Laos railway will hurt Thailand's agricultural economy and the competitiveness of small and medium enterprises (SMEs).

The TCC fears the Nong Khai checkpoint will become a gateway for Chinese fruits and vegetables. Earlier, pointing out that the checkpoint is not officially open for trade yet; national strategy and defense specialist Dr Chaiyasit Tantayakul said the Agriculture and Cooperatives Ministry is in talks with relevant Chinese authorities to come up with solutions.

He said: "The ministry is also working on maintaining a balance of imports and exports between the two countries. For instance, if 100 containers arrive from China, then the same number of containers should head to China.

The export of fruit will be discussed early next year, ahead of the fruit season. Thai fruit and vegetable traders realize that China is fast becoming a key export market. In the first nine months of 2021, Thai SMEs' exports to China were worth 184.49 billion baht, while their imports from China came in at 454.89 billion. Thailand's total import from China in the first nine months stood at 1.7 trillion baht.

[ 100 baht = €2.60 ]

Source: aninews.in

Publication date: Thu 23 Dec 2021

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Thai producers worried about flood of Chinese goods through China-Laos railway network