BANGKOK, 6 May 2014, – Ms. Nantawan Sakultanak, Director General of the Department of Foreign Trade (DFT), has announced that her department wants to export more Thai produce to Latin American nations.
The comment came after her department invited trade representatives from Brazil, Chile, Peru and Colombia to Thailand during the period May 3rd – 14th, in the government’s bid to increase exports to the region, especially Brazil where the public has strong purchasing power. The nation has a minimum wage rate of 310 US dollars per month and strong demand for workers in high-end infrastructure investments, as Brazil prepares to host the World Cup next month and the Olympics in 2016.
Ms. Nantawan also said the world’s 8th largest economy has a population of 60 million, making Brazil a very attractive market, while predicting that the nation’s commodity market would expand 5-7% annually from now to 2016.
She also pointed out that the nation has rich natural resources such as crude oil, bauxite, gold, and iron ore. Brazil is the world’s biggest exporter of ore and iron products and a prominent soy, corn, poultry and sugar producer.