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Byย Veena Thoopkrajae

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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 areย currentlyย having to battle inflation as well as food, energy, and security issues. It is estimated that more than four billion people have beenย affected by major disruptions in the supply chain but now, according to Mr. Supant Mongkolsuthree, Chairmanย ofย APEC Business Advisoryย Council for 2022 (ABAC 2022),ย business owners in Thailand and neighboringย Asia-Pacific countriesย can see some light on the horizon.

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โ€œTheย pandemic has made huge impacts onย micro, small andย medium-sized enterprises. It has also affected the lives and livelihood of women entrepreneurs, indigenousย communities, youth and other groupsย in the region, among others. Being at the receiving end of such great challenges, weย have aย 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,โ€ย Mr. Supant told Thai PBS World.

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ABAC consists of 63 members appointed by the leaders of each economic zone, three members per economic zone from the 21 economiesย making upย 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 isย to come up with a set of recommendations to be presented to the APEC economic leadersย at theirย annual dialogue.

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

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-- ยฉ Copyright Thai PBSย 2022-07-04
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- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plansย click here.

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Easiest way to own or rent a car in Thailand -ย click here to find out more!

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