Thailand Braces for $3.1 Billion Hit From Dispute With Cambodia

Thailand Braces for Significant Economic Impact from Dispute with Cambodia The Thai government estimates that the ongoing territorial dispute with Cambodia could result in losses of up to 100 billion baht (approximately $3.1 billion) due to disruptions in cross-border trade. The conflict, which escalated into armed clashes earlier this year, has had a significant impact on the economic relations between the two countries. Prime Minister Anutin Charnvirakul's administration has acknowledged the substantial financial implications of the dispute, highlighting the need for a swift resolution to mitigate the economic consequences. The disruption of trade and commerce across the shared border is expected to take a substantial toll on both countries, underscoring the importance of diplomatic efforts to find a peaceful solution. The article emphasizes the Thai government's concern over the substantial financial impact and the urgency to address the dispute to minimize the economic damage to both nations. The figures provided offer a clear indication of the magnitude of the potential economic losses and the need for effective conflict management strategies.