Kriengsak Chareonwongsak benefit of developing

One other benefit of developing such a relationship is the complimentary nature of the production structures in each of the two regions. In most likelihood, Thailand could benefit from the variety of primary and secondary level manufacturing conducted in Latin America. In turn, that region would benefit from the electronic and high technology goods produced in Thailand. Peru is a country rich in mining and fishery resources, meaning that most merchandise imported from Peru would be raw (primary level) products such as mined metals, fish and marine products, vegetable oils, crops and animal products. Peru would welcome secondary and tertiary level products from Thailand such as motor vehicles, electrical appliances, rubber products and synthetic fibers. Trade between the two nations would grow as each became more familiar with complementary products and industries in the other nation. In this way, trade would be mutually supportive instead of competitive. 

new gateway to Latin America

Professor Dr. Kriengsak Chareonwongsak
Executive Director, Institute of Future Studies for Development (IFD)
kriengsak@kriengsak.com, http://www.ifd.or.th