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Thailand must brace for Brexit consequences: Ex-ASEAN secretary general

Thailand must be prepared for possible consequences of the departure of the United Kingdom from the European Union, said former ASEAN secretary general Surin Pitsuwan.

Following a public referendum in the UK which called for the termination of its membership of the EU (Brexit), Surin said such phenomenon would eventually affect Thailand but the exit process will take a two-years time involving the UK’s earlier negotiations with the EU.

He has said Thailand must brace itself for any potential change by enhancing the country’s manufacturing competitiveness and capacity, expanding domestic investment and infrastructure and transportation systems.

Those efforts would attract more international investors who may be looking for a stable place to do investment projects.

He added that ASEAN is structurally different from the EU and such decisions would not be made by any particular party and that ASEAN member states must improve their own standards in many aspects in order to receive full benefits from the community and protect themselves from external pressure.

NNT

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