PM Yingluck instructs Commerce Ministry to boost border trade by 30% in 2013

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BANGKOK, 28 May 2013 (NNT) – The prime minister has instructed the Commerce Ministry to significantly boost border trade before the end of 2013. 

Permanent Secretary for Commerce Vatchari Vimooktayon said on Tuesday that Prime Minister Yingluck Shinawatra has instructed the Commerce Ministry to find new ways to expand the market and add value to trade along the border area from more than 900 billion baht records in 2012.

Mrs. Vatchari said that the Premier has set a target of 30 percent to 1.2 billion baht, in order to help boost the country’s exports after purchase orders from major markets have shrunken significantly in the first quarter of this year, because of the baht fluctuation and heightened competition from other trade rivals.

She added that the Commerce Ministry will be discussing with the National Economic and Social Development Board about approaches to penetrate new markets and find added value for border trade so that Thai exports will grow 7.0-7.5 percent in 2013, as planned.