Analysts said Joe Biden’s victory in the 2020 US presidential election would have a positive impact on Thailand, noting that ongoing trade tensions with China were likely to ease as Biden has vowed to resume beneficial dialogue with all trading partners.
That being said, Mr Visit said this doesn’t mean that America under Mr Biden’s administration wouldn’t use trade pressures to penalise countries which challenged its demands.
Meanwhile, chairman Kalin Sarasin of the Thai Chamber of Commerce said that having the US at the control of Mr Biden, Thailand would benefit from a more liberal global trade, adding the US was likely to rejoin the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
However, Thailand will later reap the economical benefits as it did not choose to join the CPTPP last August.
Source: Bangkok Post