Thai petrochemical industry likely to lose out to Indonesia

The Thai petrochemical industry risks losing out to its Indonesian rivals when the Asean Economic Community (AEC) kicks off in three years, as per Industry Minister M.R. Pongsvas Svasti in Bangkok Post. The minister noted the sector is at a disadvantage compared to Indonesia and Malaysia, which are rich in natural gas, a major feedstock for the industry and larger scale production. Furniture and upstream textile manufacturing will also face a tougher time with AEC integration. However, the automotive and electronics sectors should gain advantages as the market expands under AEC.
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