Thai exports have chance to enlarge US market share

TRADE

- PHUSADEE ARUNMAS

Several Thai products, including pet food and rice, are poised to gain a larger market share in America amid escalating US-China trade tensions, according to the Trade Policy and Strategy Office (TPSO).

Poonpong Naiyanapakorn, director-general of TPSO, said the office is monitoring the impact of US-China trade tensions on Thai agricultural goods.

The agency categorised these products into three groups: high-potential products, potential products, and items requiring trade diversion monitoring.

Mr Poonpong said high-potential products are those for which Thailand already enjoys a substantial share in the US market, and are likely to grow as substitutes to Chinese products. These include pet food, rice, prepared mackerel, flounder fillets, and prepared or preserved bamboo shoots.