Commerce Ministry export growth target unchanged at 15%

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BANGKOK, Sept 12 – Thailand’s commerce ministry is maintaining its annual export target growth for this year at 15 per cent, said Commerce Minister Boonsong Teriyapirom, despite the recent controversy regarding how the goal was set.

He affirmed the ministry will not revise this year’s export target at 15 per cent as it is the goal to achieve. The ministry will meet with agencies concerned and industrial entrepreneurs to cooperate in driving Thai exports.

In the first seven months of this year, Thai export growth was recorded at 2.21 per cent, considered satisfactory as Thailand and other countries were impacted by the global economy.

It boosted Thai exports despite two negative factors, production capacity slowdown from last year’s flood and the euro zone debt crisis.

The minister announced the ministry’s one year performance in line with the government’s policies. The ministry supported over 10,000 local retail shops across the country to sell goods at 10-20 per cent lower than normal market prices.

The 2013 ministerial working plan is to focus on raising farm product prices and oversee maintaining the cost of living.