Thai shippers’ fears of underperformed exports this year

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BANGKOK, Aug 10 – The Thai National Shippers Council (TNSC) will possibly adjust Thailand’s export growth for this year to less than 3  per cent.

TNSC president Nopporn Thepsitha said the council was awaiting the country’s July export figure after a disappointing performance in the first six months of the year.

“We do hope that exports in the remaining months of the year will be at an average of US$20.4 billion a month, or an increase from US$18.9 billion, to accelerate this year’s export growth to 3 per cent,” he said.

Thailand’s exports to the Southeast Asian region had increased by 4 per cent in the first half of the year – a positive sign compared to exports to other major markets which have been shrinking, he said.

He said exports to Southeast Asia must be boosted to an 8 per cent growth so as to achieve this year’s export target.

Mr Nopporn said the TNSC has entered cooperations with the Foreign Trade Department, the Foundation for Development Institute of Small and Medium Enterprises and the Association for the Promotion of Thai Small and Medium Enterprises to develop the efficiency of Thai small and medium enterprises to help boost the country’s exports. (MCOT online news)