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1、CoverSupply Chain Diversification amidst Rising US-China Trade Tension:Implications for Key ASEAN CountriesResearch IntelligenceDecember 2024Krungsri ResearchContentsSubscribe UsContentsDisclaimerUnless explicitly stated otherwise,this publication and all material therein is under the copyright of K

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3、the material cited.Moreover,Krungsri Research will not be held responsible for any losses that may occur either directly or indirectly from any use to which this report or the data contained therein may be put.The information,opinions,and judgements expressed in this report are those of Krungsri Res

4、earch,but this publication does not necessarily reflect the opinions of Bank of Ayudhya Public Company Limited or of any other companies within the same commercial group.This report is an accurate reflection of the thinking and opinions of Krungsri Research as of the day of publication,but we reserv

5、e the right to change those opinions without prior notice.For research subscription,Introduction3Trade Developments in ASEAN4Foreign Direct Investment(FDI)Developments in ASEAN10Strengths of ASEAN that Make It an Attractive Destination for Investors and Challenges13Krungsri Research View19References

6、203IntroductionTrade tensions and trade barriers between the United States and China have led to changes in global supply chains and the dynamics of international trade.One of the key strategies manufacturers are using to mitigate risk is the China+1 approach.This means businesses are expanding thei