GOLDILOCKS
"Thailand will apply to become a member of the BRICS economic bloc, the government of the Southeast Asian country announced on Tuesday."
To give you an idea how important this move is. Vietnam is the largest trading partner with Thailand at the present time. This could shift when they become a market economy in July adding to the ability to trade with the US as well.
It is just simply important to note that the world Trading Map is changing rapidly. As we have discussed before, 80% Plus trades are done across the waters. This is more than enough of a percentage to change exchange rates on a global scale.
This is also why the World Trade Organization is reconfiguring trade exchange rate percentages and plans on presenting them to us the second half of this year.
Watch the water.
© Goldilocks
https://www.bignewsnetwork.com/news/274388060/brics-receives-new-membership-bid#google_vignette
https://www.trade.gov/country-commercial-guides/vietnam-trade-agreements#:~:text=Since%202022%20Vietnam%20is%20also,Philippines%2C%20Singapore%2C%20and%20Thailand.
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