June 16, 2008
Bangkok - Commerce ministry is confident Thailand’s export growth will not be less than 12.5% despite the world’s sluggish economy caused by soaring energy prices.
15% export growth which values more than 170,000 million US dollars is a challenge for Thailand.
Thailand’s exports in the first four months of this year valued 55,481.3 million US dollars, up 22.2% from last year.
Although the country’s export has such a bright future, there are worrisome factors such as rising oil prices and machinery import.
As a result, Thailand possibly faces the trade deficit this year.
All entrepreneurs were urged to reduce unnecessary imports so as to cope with the trade deficit.
Rachen Pojanasunthorn, director-general of the Export Promotion Department, said a value-adding strategy was set to boost the export market.
75% of the kingdom’s exports were in the food and health, fashion, lifestyle, heavy industry, and service business group.
