Nonthaburi, March 26-Director General of the Department of International Trade Promotion Assess even if there are some external risk factors but confident of exports in the second half of the year still growing well Preparing for a meeting of commercial ambassadors around the world to review Thai export figures at the end of May 2023 again, still seeing that export sales throughout the year are positive 1-2 percent.
Mr. Phusit Rattanakul Sereereungrit Director-General of the Department of International Trade Promotion (DITP) revealed that the export situation in the first half of the year may not be very bright. But the second half of the year should be better. The problem of financial institutions in the United States collapsed as a complication of the global economy. Therefore, there must be more discussions with the private sector. The private sector is ready to help support the close exchange of information, which the Department has continuously accelerated proactive export promotion activities.
However, during the food exhibition (ThaiFex) at the end of May 2023, there will be a meeting with the director of the Foreign Trade Promotion Office or the commercial ambassador to re-evaluate export figures. At this time, each market has begun to review issues that will affect exports. But the overall export figure is still at 1-2 percent.
In addition, while financial institutions in the United States collapsed It has to do with sentiment in the US market. causing panic But such financial institutions are not much involved in trading. But what is worrying is the Non-Tariff Trade Barrier (NTB), especially in Europe where regulations are issued that are difficult to implement. It requires more adaptation and effort. If wanting to trade with those countries Thai entrepreneurs must constantly monitor the situation in order to adjust themselves in time.
“Accept that the Thai export sector, as far as the Department, is talking about, is more concerned about exchange rate fluctuations than the bankruptcy in the United States or the protracted war between the two countries, Russia and Ukraine. Because if the exchange rate is not stable, the trade will fluctuate as well. Therefore, Thai exporters must accelerate to find new markets to replace, especially now, especially the plastic seed group, which is experiencing problems with China slowing down imports. Stories from China can be produced by themselves. Causing Thai plastic seed products to urgently find new replacements But the Thai product group that continues to grow is fresh and processed food, including Thai fruits. There is still quite a lot of demand in the world market.” Mr. Phusit Said.-Thai News Agency
Source: Thai News Agency