Myanmar Coup Means Huge Losses for Thailand’s Border Trade
Myanmar Coup Means Huge Losses for Thailand’s Border Trade
Armored personnel carriers and military trucks patrol in Mandalay on Feb. 3, 2021. / Zaw Zaw / The Irrawaddy
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By The Bangkok Post 3 February 2021
Thailand is estimated to forgo about 50 million baht (US$1.66 million, 2.21 billion kyats) a day from inconvenient transportation of goods and strict security checks by Myanmar’s military administration.
According to Aat Pisanwanich, director of the Center for International Trade Studies at the University of the Thai Chamber of Commerce, the impact would amount to more than 1.5-2 billion baht a month if tight security inspections continue.