Commerce Min to meet with Thai SMEs on strong baht

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BANGKOK, 14 May 2013 The Commerce Ministry is set to hold talks with Thai SMEs on May 16th to discuss measures and solution to the rising baht, while figuring out ways to help exporters. 

According to Commerce Ministry Permanent Secretary Vatchari Vimooktayon, the ministry has invited economic experts to help educate Thai SMEs on the effects of the strong Thai currency and ways to tackle it.

She has revealed that the government has launched a 3-year project called “SME Proactive,” with a budget of 100 million baht a year; in order to help Thai business operators expand their markets through road shows and fairs.

The permanent secretary has also invited experienced entrepreneurs to give other SME operators insight on budget management, currency exchange, logistics system, and administrative system.

Meanwhile, the Foreign Trade Department and the Department of Trade Negotiations will watch over tariffs and other trade barriers imposed by other countries, so that the Thai exporters can be well-prepared for what is to come, she said.