Bangkok:The Ministry of Commerce is actively monitoring the ongoing protests in six European countries to assess potential risks to Thai exports. Deputy Prime Minister and Commerce Minister Supachie Suthamphan has emphasized the need for a detailed assessment of the impact on purchasing power, transportation, and logistics costs related to Thai trade.

According to Thai News Agency, the Ministry of Commerce has directed the Department of International Trade Promotion (DITP) and Thai Trade Centers abroad to closely observe developments in Europe. The focus is on providing businesses with information and advice on mitigating trade risks. Protests in France, Italy, Portugal, Albania, Spain, and Belgium, with demands concerning the cost of living, wages, and housing, have necessitated this vigilance.

The Ministry warns of potential impacts on Thai exports if protests persist, such as reduced consumer purchasing power and disruptions in transportation and logistics. The situation could lead to delivery delays and increased costs, particularly if work stoppages affect transport systems. Hence, the Ministry is continuously evaluating strategies to maintain trade continuity.

Minister Supachie highlighted the significance of the European Union market for Thailand, noting an increase in trade activities from January to August 2016. The Ministry advises exporters to stay informed about developments in partner countries, verify shipping schedules, and consider alternative routes if necessary. Businesses are also encouraged to diversify markets, enhance cargo insurance, and manage exchange rate risks to mitigate potential losses.

In conclusion, the Ministry suggests that exporters may explore alternative routes and markets to sustain trade operations amidst these uncertainties. By using ports in Northern or Southern Europe and considering rail transport, businesses can alleviate logistical challenges and ensure the continued flow of goods.