The Thai Chamber of Commerce at its annual meeting today in Bangkok will brainstorm for a breakthrough in the political discord after recognising the deadlock could be drawn out.
"The political disorder was expected to end in a short period. However, the private sector must do something to unlock the prolonged conflict," chairman Dusit Nontanakorn said yesterday.
The results from this meeting will be proposed to a summit with the other two powerful private-sector organisations - the Federation of Thai Industries (FTI) and the Thai Bankers Association - for summing up as a joint statement.
There are so many problems waiting for the government's attention, including the baht's rise, he said. The political conflict must be ended so the government can concentrate on boosting the economy.
The private sector will not be greatly concerned about the baht's strengthening as long as it is in line with competitors. Exporters are struggling to keep their customers by sacrificing some of their profit, Dusit said.
SITUATION MONITORED
FTI chairman Santi Vilassakdanont said the private sector was closely monitoring political developments. If there is any violence, they must call a meeting to evaluate the situation and seek a way out for the country.
Negotiations are the best way forward for all parties, but so many conditions have been demanded, he said. Dissolving Parliament will not help solve the problem.
The Commerce Ministry is afraid exports may not achieve this year's growth target of 14 per cent if the baht surges past 33 to the US dollar.
Commerce Ministry permanent secretary Yanyong Phuangrach said the ministry would submit information on the baht's gains, which have hurt exports, to the Bank of Thailand for use in managing the unit's movements.
Ministry figures show exports will expand 14 per cent this year if the baht remains at 33-33.50 to the dollar.
