Trump, Thailand and the global supply chain

[webfact]

Trump, Thailand and the global supply chain
By Nophakhun Limsamarnphun
The Nation

 

Trump

 

BANGKOK: -- US President-elect Donald Trump’s likely pullout from the Trans-Pacific Partnership (TPP) free-trade agreement championed by the outgoing Obama administration will give Thailand some leeway to manage its regional geo-economic position, especially with regard to the country’s attractiveness as a destination for foreign direct investment.

 

 

Previously, the TPP was touted by the US as a means to revitalise its influence in Asia-Pacific and contain China’s rapid economic rise in the region.

 

However, the incoming US administration has a different policy: Trump’s election campaign was centred on the negative consequences of globalisation and free trade, which have impacted the livelihoods of many of his supporters over the past few decades.

 

Adoption of the TPP by the US and the 11 other signatories would place non-signatory Thailand at a disadvantage, luring away big foreign investors like the Japanese to new investment projects in neighbouring TPP member-countries.

 

Full story: http://www.nationmultimedia.com/news/national/30304305

 

-- © Copyright The Nation 2017-01-18

[scotchonrocks]

I think FDI will be affected by things other than the TPP. I personally would not invest a dime in Thailand.

[anon467367354]

the TTP would not benefit Thailand or any other country other than the US and the EU leaders and banksters.

The TTP would give corporate control over Thailand's businesses and set the toxicity levels of chemicals and other pesticides, GMOs etc.

This is Germany's main concern. The toxicity levels in the US are way higher than in Germany, and with the TTP, Germany would have to raise them to meet the US Inc's ridiculous "standards". The German people don't want more poisons in their environment, the US Inc doesn't care. Join the TTP and you don't have a choice any more. The TTP is designed to take the sovereignty away from participating countries.

[elgordo38]

5 hours ago, scotchonrocks said:

I think FDI will be affected by things other than the TPP. I personally would not invest a dime in Thailand.

They see a silver lining in everything. Sometimes when looking at all the figures they spew out here I wonder if they know down from up. 

[Brer Fox]

"....the country’s attractiveness as a destination for foreign direct investment".  

 

Who wrote this rubbish? 

Thailand's attractiveness as an investment country is about as appealing as a dog turd on the footpath and has been so since the beginning of 2014 when potential investors fled by the droves. The sovereign risk factor under military rule is the major discouraging factor.

International investors are not stupid and they have seen what happens to companies which invest in Thailand. Like Australian company Kingsgate with their mine at Chatree. The PM pulls out Article 44 and shuts it down. Out of the woodwork pops a "connected" Thai business man in the know and makes a predatory offer to buy.

 http://www.abc.net.au/news/2016-12-16/kingsgate-to-seek-compensation-from-thai-government-mine-closure/8126340

To quote from the spokesperson:

"In the mining sector, there's no way that any reasonable overseas mining companies will go there (Thailand)," 

[Srikcir]

15 hours ago, webfact said:

place non-signatory Thailand at a disadvantage

Deputy Prime Minister for Economic Affairs Somkid, Thai corporations and Thai economists were pushing for TPP membership while Prayut refused to commit. Though Prayut never explained his resistance, one might think he would cautious going against China's Silk Road economic trade deal. Crossing China might mean economic retribution from China.