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Trade Within Asia To Grow More Important: Thai Researcher

Thursday, May 20, 2010

TOKYO (Nikkei)--Trade between Asian economies will play a bigger role in the future, Chalongphob Sussangkarn, distinguished fellow of Thailand Development Research Institute, said Thursday in Tokyo.

At a panel discussion of the 16th International Conference on the Future of Asia, hosted by The Nikkei through Friday, Chalongphob cited as a reason an expected decline in demand for East Asian exports from non-Asian industrialized nations due to the economic downturn and other factors.

He added that China and India will play especially important roles.

Chalongphob said many East Asian countries depend on exports and expanded trade within the region would facilitate economic cooperation and integration.

Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.