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Thailand will be benefited by ASEAN free trade agreement

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The impact of trade liberalization among ASEAN member countries can have positive and negative aspects, but certainly the country that will be benefited the in the sugar market is Thailand, considered the only structural exporter in the region.

According to Suhrid Patel, representative of British consultancy LMC International, for the importing countries, increased competition from Thailand can push down sugar prices in the domestic markets. “While this is good for consumers, it can affect some domestic producers that have higher costs,” he explained.

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