Drought, floods and other extreme weather exacerbated by climate change could cause damage worth 36 billion baht to the Thai economy this year, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), as it could have a massive impact on both the agricultural and manufacturing sectors. According to the Commerce Ministry's latest data, in the first four months of 2023 Thai exports decreased by 5.2% year-on-year to US$92 billion, while imports fell by 2.2% to $96.5 billion, resulting in a trade deficit of$4.51 billion. The business sector wants authorities to prepare mid-term and long-term solutions to ensure investment projects, especially those in the Eastern Economic Corridor (EEC). The area, which covers parts of Chon Buri, Rayong and Chachoengsao, hosts 12 S-curve industries that are expected to drive the country's economy. (ICE BANGKOK)

Fonte notizia: Bangkok Post