About Us $ 1.67 Million Lost In Border Trade With Cambodia.

[Lite Beer]

About US $ 1.67 million lost in border trade with Cambodia.

BANGKOK, Feb 6 - Clashes between Thai and Cambodian troops near the disputed Preah Vihear temple have affected trade and tourism businesses in the area, as about Bt50 million ($ 1.67 million) in revenue would be lost during the first few weeks, said Thanawat Palavichai. , director of the Economic and Business Forecast Centre at the University of Thai Chamber of Commerce (UTCC).

Troops of the two countries exchanged gunfire and artillery on Friday and Saturday, causing heavy casualties on both sides, with several houses on the Thai border sustaining damage.

Mr Thanawat said tourism business would be impacted most as between 10 to 20 percent of total tourists were expected to cancel their trips to Angkor Wat, Angkor Thom and Siem Reap inside Cambodia within the first few weeks.

However, trade in other areas along the border between the two countries were not expected to be hurt much, he said.

Most of the border trade is conducted through the Thai border district of Aranyaprathet, as about Bt20 billion (about $ 670,000) change hands annually, while trade at Trat border province is estimated at Bt10 billion (about 333,000), Mr Thanawat said.

As the cease-fire has been agreed by the two countries, he said the impact is expected to be short-lived and the situation should return to normal soon, he said. (MCOT online news).

-- TNA 2011-02-06

[londonthai]

on top of it lost of revenue within the month prior to the armed cinflict - during new year tourism was down 50% - they were mainly thai tourists crassing to cambodia just for few days for cassinos as well as shopping for cheaper goods

[dumball]

I noted this a few days ago , the Khmer shoppers have not been happy with the ecalating cost of goods and food stuff from Thai , traders have taken note and are purchasing many items from Vietnam . This was explained to my wife by a trader my wife buys things in bulk from when he had no stock of an item , "We are fed up with Thai who leave us short and then put prices up , very easy to change to Vietnam who are happy to sell to us at reasonable cost "

Thailand has already lost superiority of major exports to Vietnam and other countries due to thier superiority thinking , without the supply to keep up with demand , no , Thailand is not the be-all and end-all of so many things they express the desire to become the HUB of for the world , they are just a tiny factor amongst billions of people .

[bangon04]

"However, trade in other areas along the border between the two countries were not expected to be hurt much, he said."

So they are not including any figures from the casino business , it seems......

[dumball]

bangon04' timestamp='1297026456' post='4201548']

"However, trade in other areas along the border between the two countries were not expected to be hurt much, he said."

So they are not including any figures from the casino business , it seems......

It would appear that Thai officials have memories of convenience or whatever looks good on paper , do not tell it as it is , only as they wish it to be .

[geriatrickid]

Maybe Thailand should figure in the cost of sanctions. In the event that the conflict escalates, there would eventually be UN mandated sanctions to send the point that war is bad. Western aid groups would be obliged to scale back on the funding of various projects since key personnel could not be sent to a conflict zone.