Brexit and its impact on Thailand

After completed for the referendum request to withdraw from the EU of the United Kingdom It
turns out that the referendum allowed the UK to "leave". Of course, this phenomenon has had a
great impact, whether politically, economically, or socially. But let's take a look at how the UK's exit
from the EU affects Thailand.

Economic
The impact of Brexit on the Thai economy By predicting that the Thai economy will not be affected
much in the short term Because the value of exports from Thailand to the United Kingdom is
approximately 2% of all exports However, the Brexit phenomenon has a profound effect on the
European and UK economies, which may cause economic stagnation. And may affect Thai exports in
the long run (about 12% of total exports). Found that companies in the food group electronics Oil
and gas and hotels are the group that will face the greatest impact.

Tourism
Impact of tourism from Thailand to travel to the United Kingdom And EU member states Probably
not as much as should Due to traveling to the UK And EU member states must apply for visas
separately in accordance with regulations. In other words, travelers entering the EU must submit a
Schengen visa application at the embassy of the country of travel. The short-term visa fee is around
60 euros, while travelers wishing to enter the United Kingdom must submit a visa application at the
British Embassy representing the United Kingdom in Thailand. The fee for the short-term visa is
approximately 132 USD.

AEC (ASEAN Economic Community)

Brexit could make ASEAN And member countries, including Thailand, think of good results Further
disadvantages of regional integration What ASEAN members need to learn is how well prepared
ASEAN is to tackle regional problems together. Such as economic crisis, unemployment or abnormal
asylum With the EU as an example to learn