Thai Invasion of Auto Parts Aftermarket
By George Anderson
A report in the Bangkok Post said the Thailand’s Board of Investment is working with manufacturers of automotive parts in that country to break into the U.S. market by taking
over a domestic auto parts retailer.
According to the report, “After his return from a roadshow to the United States from Dec 11-18, the BoI secretary-general Somphong Wanapha said the acquisition of the U.S. chain
would help boost Thai automotive parts exports to the U.S. where the replacement market was worth several billion dollars a year.”
Mr Somphong believes there are similar opportunities in the U.S. for Thai businesses targeting the food, agricultural, furniture and machinery sectors.
Moderator’s Comment: What are your thoughts on this report and foreign ownership of U.S. retail businesses?
We’ve always believed in open markets and free trade.
We’ve always believed in open markets and free trade.
We’ve always believed in open markets and free trade.
Do we really believe in open markets and free trade? [George
Anderson – Moderator]