Ray of Hope for Thai and Regional Traders

By Veena Thoopkrajae

The COVID-19 pandemic has caused serious damage to economies around the world and even though the worst of the outbreaks appear to be over, countries are currently having to battle inflation as well as food, energy, and security issues. It is estimated that more than four billion people have been affected by major disruptions in the supply chain but now, according to Mr. Supant Mongkolsuthree, Chairman of APEC Business Advisory Council for 2022 (ABAC 2022), business owners in Thailand and neighboring Asia-Pacific countries can see some light on the horizon.

“The pandemic has made huge impacts on micro, small and medium-sized enterprises. It has also affected the lives and livelihood of women entrepreneurs, indigenous communities, youth and other groups in the region, among others. Being at the receiving end of such great challenges, we have a responsibility to call for decisive action to deepen the economic integration of our region and to better equip our businesses, including the smallest, to achieve dynamic and sustainable growth,” Mr. Supant told Thai PBS World.

ABAC consists of 63 members appointed by the leaders of each economic zone, three members per economic zone from the 21 economies making up Asia-Pacific. The Business Advisory Council gathers every year at four council meetings and one APEC CEO Summit to discuss business perspectives and economic issues. The aim is to come up with a set of recommendations to be presented to the APEC economic leaders at their annual dialogue.

Full story: https://www.thaipbsworld.com/ray-of-hope-for-thai-and-regional-traders/