PM orders economic ministries to cope with impact from European crisis


BANGKOK, 13 June 2012  – Prime Minister Yingluck Shinawatra has expressed worries over the Eurozone economic crisis and assigned relevant ministries to monitor the problem closely, given its possible impact on the Thai economy. 

Ms. Sansanee Nakphong, Government Spokesperson, disclosed that PM Yingluck gave an opinion regarding the current economic situation before the cabinet meeting on June 12, saying she was concerned by the crisis in Europe which could affect Thailand’s economy in the future.

Mr. Kittiratt Na-Ranong, Deputy Prime Minister and Minister of Finance, explained in the cabinet meeting that the Euro currency is depreciating and will have an impact on Thailand’s export. Therefore, Prime Minister Yingluck instructed 7 economic ministries and related institutions to closely monitor the situation and be ready to cope with upcoming problems.

On the same day, Mr. Surasak Riangkrul, Deputy Director-General of the Department of Foreign Trade, revealed that Thailand’s exports under various free trade agreements (FTAs) made with other countries were valued at 9.42 billion US dollars in the first quarter of 2012, which is a 5.98 percent drop compared to the same quarter last year.