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Biden win forecast to benefit Thailand

Biden win forecast to benefit Thailand

BANGKOK: Observers said Joe Biden’s victory in the United States’ presidential election would have a positive impact on Thailand, noting that ongoing trade tensions with China were likely to cool as the president-elect has vowed to resume constructive dialogue with all strategic partners.

By Bangkok Post

Monday 9 November 2020, 09:22AM

US president-elect Joe Biden and vice president-elect Kamala Harris greet cheering supporters in Wilmington, Delaware, on Sunday. Photo: AFP

US president-elect Joe Biden and vice president-elect Kamala Harris greet cheering supporters in Wilmington, Delaware, on Sunday. Photo: AFP


The vice-president of the Thai National Shippers’ Council (TNSC), Visit Limlurcha, said that once Mr Biden assumed office, the trade war between China and the US would ease as both nations were likely to start talks to thrash out their differences, reports the Bangkok Post.

That said, Mr Visit said this didn’t mean the US under Mr Biden wouldn’t use trade pressures to punish countries which challenged its demands.

He added that the cost of US-made products would increase because Mr Biden had promised to increase minimum wages for American workers, which he would finance by progressively taxing businesses and rich individuals.

Meanwhile, the chairman of the Thai Chamber of Commerce, Kalin Sarasin, said that with Mr Biden at the helm of the US, Thailand would benefit from freer global trade, adding the US was likely to rejoin the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Mr Kalin said Thailand must therefore be prepared to resume talks to negotiate several free trade agreements, which include the Thai-European Union and Thai-United Kingdom free-trade agreements, in addition to the CPTPP.

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Thailand has to clearly show where it stands on important issues, including the Union for the Protection of New Varieties of Plants, as it has an impact on the country’s ability to licence its local herbal extracts, which consequently will have an effect on Thailand’s medical and public welfare sector, Mr Kalin said.

Ghanyapad Tantipipatpong, chairwoman of the TNSC, said Mr Biden looked set to expand trade ties and rejoin the CPTPP, making it an even larger free-trade bloc.

However, Thailand will reap the benefits later as it didn’t apply to join the CPTPP in August.

Prime Minister Prayut Chan-o-cha on Sunday sent a congratulatory message to Mr Biden.

“On behalf of the Government and the people of the Kingdom of Thailand, I wish you every success and look forward to working closely with you and your Administration to further enhance our cooperation at all levels,” he wrote.

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Jor12 | 10 November 2020 - 15:02:45

k...actually your comment was not confined to Thailand. And what treaties that Thailand has signed do you consider as being one sided, or one party not being obligated to perform? 

Kurt | 10 November 2020 - 10:21:21

And @DeK, I was commenting on reactions of Thai Officials expectations about the transition of power in USA.  NOT on that of 'in every country' as you bring up and try to change the essence of someone's comment.

Kurt | 10 November 2020 - 09:50:06

@Tbird, your comment is a bit misplaced with your Principle-Office thing/joke.  I was NOT arguing. I wrote a comment. Understand that? 

DeKaaskopp | 10 November 2020 - 08:47:07

Good old Sbird still playing his favorite teacher role and still in line with rednecks, hillbillies and trailer trash believing that the Orange man won the election. Crazy ! Hopefully on January 20th next year you will finally wake up !

Timothy | 10 November 2020 - 08:44:01

Tbird is still not coming to terms with his idol Trump losing the election. Another Trump supporter who thinks that all other news agency (besides Fox News) is Fake news. "Let me explain"...."Take to the bank".... hilarious! Please share more of your infinite wisdom. It's really funny.  

Tbird | 09 November 2020 - 22:10:58

Fellas...calm down now. I don't want to have to send you both to the Principal's office- especially when you are arguing a moot point. Let me explain: U.S. elections are not decided by propaganda machines masquerading as news outlets. Biden has not been legally elevated to President- nor will he ever be. Take to the bank.

DeKaaskopp | 09 November 2020 - 15:05:01

Kurt,there are experts in every country who talk now about the impact  the presidential change may have regarding their own country. Is that premature too or only if Thailand does it ? Seems like just another derogatory comment by you without to think first.Crazy!

Kurt | 09 November 2020 - 11:20:00

Very premature to talk about impact on Thailand when it comes to President's change in USA.  Many politicians, secretaries, politics involved.  Wait and see first. Specially as Thailand has reputation to sign international treaties and next only 'reap', but not obligate.


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