The assurance of doubling of sales through Thailand’s official business-to-business e-marketplace, was declared by Deputy Prime Minister Somkid Jatusripitak when he delivered a keynote address, titled “Changing Thai Businesses to Online World, underlining the importance of Thaitrade.com ”
He said the government was determined to boost sales of Thai products to 10 billion baht in 2019 on the back of the launch of Thaitrade website.
Thaitrade.com is an official Thailand B2B E-Marketplace established in 2011 by Department of International Trade Promotion (DITP), Ministry of Commerce (MOC) Thailand.
The main purpose of Thaitrade platform is to enhance trade opportunity of Thai exporters under the idea of pooling most of Thai export products in one e-marketplace and to be the most effective way for our trade partners from over the world to find the required products from Thailand.
Meanwhile, Commerce Minister Sonthirat Sonthijirawong said the ministry aimed to increase the number of Thaitrade community members to 100,000 from 25,000 within three years.
He said annual sales via the platform are expected to increase to 10 billion baht from 5 billion baht by the end of next year.
Small Order OK (Thaitrade SOOK)
As changes of online shopping trends never ends, the Department of International Trade Promotion has never ceases to enhance and improve our online marketplace. The Thaitrade.com was uplifted from B2B (business to business) B2B2C (business to business to consumer) in order to facilitate purchases of small lot orders. The Thaitrade Small Order OK (Thaitrade SOOK) has expanded the scope of online services in a more comprehensive way, ranging from online payment to delivery.
Thailand ranked 3rd in ASEAN on Economic Freedom Index
Thailand has a business freedom index of 85.3 out of 100. This is a big improvement over last year, which helped to increase the country’s overall score to 69.7, a 0.3 point jump from last year.
Thailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries and 42nd in the World on the most recent on Economic Freedom index. Singapore tops the list for the second consecutive year, followed by New Zealand and Australia.
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