Commerce Ministry confident in boosting exports despite stronger baht

0
553

BANGKOK, 17 April 2013 – The Commerce Ministry is confident in its efforts to boost Thai exports despite the impact of stronger baht.

Director-General of the Department of International Trade Promotion Srirat Rastapana said on Tuesday that the department has been closely monitoring the appreciation of the baht, which has inevitably affected Thai exports. 

However, Mrs. Srirat is confident that the Thai currency will not strengthen much further as the Bank of Thailand (BoT) continues to keep its eye on the baht movement.

She stated that the Commerce Ministry has been able to boost the exports of Thai goods in order to hit its growth target of 8-9% in 2013.

Mrs. Srirat said that the Commerce Ministry will be meeting with all directors of the Office of Export Product Promotion around the globe around the end of May to review and assess the outlook of Thai exports during the second half of this year.

In any case, the Department of International Trade Promotion chief conceded that it remains to be seen if this year’s growth target will need to be adjusted lower, at least until after the meeting in May.