Gloomy export for Thailand this year

Email|Print|Comments       twitter     facebook     Sina Microblog     reddit    

Thai commerce minister said Monday Thailand must speed up its exports given disappointing growth at only 1 percent in the first eight months of this year, Thai News Agency reported.

Deputy Prime Minister and Commerce Minister Niwatthamrong Boonsongpaisarn said Monday that the ministry predicted failure to achieve the projected 7-7.5 percent growth for the entire year.

The minister on Monday chaired a workshop with Thai commercial attaches assigned to 62 countries and the private sector to find out urgent measures to push up Thailand's exports in the remaining quarter and review this year's export projection.

Exports in August expanded by 4 percent but at an average of only 1 percent since January.

He said a conclusion on readjustment of export projections and measures to increase exports should be made by the end of October, foreseeing positive export expansion in Q4.

There are many overseas orders in Q4, but Thailand will have to penetrate new markets and push for exports in every sector including agricultural produce and industrial manufacturing, he said.

Concentration must be given to the Asian market and border trade, he said.

Exports to China have declined, he admitted, but said that the total value was rather high, the minister said.

We Recommend

• Storms leave 97 dead, 58 missing in Mexico
• New model of indigenous surface-to-air missiles testfired
  
• 118.28-carat diamond to be auctioned in HK
• Maternal love under streetlight
• Naked foreign student sits in the middle of a road in Haikou
  
• Colorful Yunnan: Enjoy the natural beauty
  
• Harbin named Chinese city with most beautiful women
• New college students' military training in Guangzhou
  
• Rugby girls