Thai Chamber of Commerce worried border fights will hamper ASEAN economy

BANGKOK, 10 February (NNT)-Chairman of Thai Chamber of Commerce Dusit Nontanakorn has disclosed that the private sector wants to see an end to the territory feud soon as ASEAN members, including Thailand and Cambodia, are set to form ASEAN Economic Community (AEC) in 3 years.

Mr. Dusit has explained that the longer the demarcation issue drags on, the less likely for ASEAN members to consolidate for economic integration. The objectives of AEC consist of the development of a single market and production base that is highly competitive as well as the free flow of products, investments, labors and capital.

The AEC will also serve as leverage against other nations or groupings that have more economic power. However, Mr. Dusit said investments between Thailand and Cambodia so far had not been affected by the border skirmishes but wished for the disputes to be solved soon.