Regional Meeting To Discuss Repercussions Of US-China Trade War

One of the best places to hold a conference in Thailand is hotels because it will allow you to combine business with pleasure. There is always a convenient meeting room in hotels and resorts with all the facilities necessary for a successful event. The seamless support and hospitality of most hotel venues will make organization very simple and efficient.

Finance Minister of Indonesia Sri Mulyani Indrawati and Bank of Thailand Governor Veerathai Santiprabhob are attending a regional meeting in Singapore to talk about the repercussions of a trade war between the United States and China. Policy makers all over Southeast Asia are bolstering their efforts to cushion the blow to the domestic markets.

The direct impact on the GDP of Southeast Asia is minimal right now because the composition of GDP is mostly fuelled by consumption. According to Indrawati, the government of India is boosting investments by diversifying growth beyond exports. The deterioration of the trade relationships’ between the US and China is not for the best interests of both countries.

The US President claims that China’s trade practices are unfair with alleged violations on intellectual property theft and export subsidies. Indrawati believes that whatever differences must be dealt with through the World Trade Organization instead of erecting tariff barriers and upending the global trade framework.

China is the biggest trading partner of Southeast Asian countries. China is also a significant source of investment and tourism on the region. Large domestic markets that include Indonesia and the Philippines want to shelter their economies from the US-China trade war. Other countries like Singapore, Malaysia and Thailand rely more on their exports.

US-China trade developments must be carefully monitored because any retaliatory actions would be a matter of great concern. So far direct impacts are very small but disputes would inevitably impede trade activities and would negatively impact economies.

Meetings and conferences are definitely important because it allows an exchange of different ideas. However, the meeting room must be conducive to discussions so that whatever issues will be immediately resolved. If the meeting is held in a resort, there is an opportunity to spend a few relaxing hours at the beach.

Post Author: gerardksmith