Thailand’s Commerce Ministry raises its export growth estimate

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Thailand’s Ministry of Commerce has raised its export growth estimate this year to 15-16 percent from the 12 percent targeted earlier, and is hoping to encourage trade representatives to expand trade in countries worldwide.

The upward revision of the export growth projection was made following a meeting of Commerce Minister Pornthiva Nakasai with 48 overseas trade representatives and 65 commercial counselors on Thursday to assess the overall picture of Thailand’s exports in the second half of this year.

To achieve the new export target, Pornthiva said, the ministry wanted trade representatives working in Thailand and overseas to help enhance trade channels with countries around the world.

“Listening to the assessment of the situation by overseas trade representatives, who are familiar with markets in the countries where they work, we think it is a good opportunity now for Thailand to position more products in the market of each country.

“More importantly, many trade representatives affirm the new target of the export growth at no less than 15 percent set by the ministry will be definitely achieved,” she said. (MCOT online news)