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Economy

Thailand can rise as regional business hub in post-Brexit era

Thailand Deputy Prime Minister Somkid Jatusripitak delivers a keynote speech at the Bangkok Nikkei Forum 2016 on July 7. (Photo by Keiichiro Asahara)

BANGKOK -- ASEAN will become more valued as an investment target, considering Brexit's expected impact on the European Union, Thai Deputy Prime Minister Somkid Jatusripitak told a business forum here on Thursday.

Somkid stressed the importance of pursuing trade deals and pacts such as the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership to take advantage of the "chance for Asia" following the turmoil in Europe. For Thailand's part, he pledged to spearhead development of the ASEAN subregion of Cambodia, Laos, Myanmar and Vietnam (CLMV) to achieve regional growth.

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