Connect with us

Business

Thai Cross Border Trade up 2.31% in First 5 Months of 2019

The border trade and cross border trade in the first five months of 2019 was worth over 570 billion baht, up 2.31 percent and continuing to grow well, unlike the total exports of the country which declined by 2.7 percent in the first five months.

National News Bureau of Thailand

Published

on

DFT: Cross Border Trade up 2.31% in First 5 Months of 2019

BANGKOK, 29 June 2019(NNT) – The Department of Foreign Trade (DFT) has reported that the total value of border trade and cross border trade rose by 2.31 percent in the first five months of this year.

The border trade and cross border trade in the first five months of 2019 was worth over 570 billion baht, up 2.31 percent and continuing to grow well, unlike the total exports of the country which declined by 2.7 percent in the first five months.

Border trade with four countries was worth 440 billion baht, up 0.57 percent. Malaysia was still the number one trading partner, but exports shrank slightly in rubber products which were affected by the baht’s appreciation, followed by Myanmar, Lao PDR and Cambodia.

Transit cargoes to three neighbouring countries were worth more than 110 billion baht. Southern China was the number one trading partner given the value of exports of frozen fresh fruit, and dried fruit which rose by 274 percent, followed by trade with Vietnam and Singapore.

DFT Director General Adul Chotinisakorn, expressed his confidence that for the rest of this year, border trade and cross border trade will expand continually because Thai products are still preferred by neighboring countries, and ASEAN has agreed to accelerate trade facilitation during the ASEAN Summit which will help guide ongoing trade.

There is also a plan to promote trade in accordance with a project designed to form a network of new generation Thai entrepreneurs trading with neighboring countries, and a border trade fair to boost trade value to attain a target of 1.6 trillion baht, up by 15 percent.

Source link

Advertisement
Comments

Banking

Governments most exposed to coronavirus have strong fiscal and external buffers

Moody’s baseline assumption is that the economic effects of the outbreak will continue for a number of weeks, after which they will tail off and normal economic activity will resume.

Boris Sullivan

Published

on

As measures to contain the coronavirus and fear of contagion hit consumption and production, downside risks to our GDP growth forecast for China (A1 stable) have increased., says Moody’s Research Announcement.

(more…)

Continue Reading

Banking

Bank cuts Thai 2020 GDP growth outlook to 2.7%

SCB’s Economic Intelligence Center (EIC) has released its latest growth forecast, at 2.7 percent, showing a slow recovery from just 2.5 percent economic growth in 2019

Boris Sullivan

Published

on

SCB cuts GDP growth forecast to 3.1%

SCB’s Economic Intelligence Center (EIC) has released its latest forecast, indicating that the Thai economy at the end of 2020 will have grown by 2.7 percent, showing a s recovery from just 2.5 percent economic growth in 2019, thanks to a better performing export sector and improved global economy.

(more…)

Continue Reading

Business

BOI steps up investment promotion measures in the EEC

The measures will be in effect from January 2, 2020, to December 2021. Applicants can sign up for the new privileges, with no deadline set for registration.

National News Bureau of Thailand

Published

on

BANGKOK(NNT) – The Board of Investment of Thailand (BOI) has approved measures to promote investment in the Eastern Economic Corridor (EEC) by expanding the number of target industries and increasing corporate income tax benefits.

(more…)

Continue Reading

Must Read

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 12,316 other subscribers

Upcoming Events

Tue 07

26th World Cardiology Conference – Bangkok

April 6 @ 8:00 am - April 7 @ 5:00 pm BMT
Wed 08

Global Public Health 2020

April 8 @ 8:00 am - April 9 @ 5:00 pm BMT
Mon 13
Fri 17

2nd International Conference on Nanomedicine and Nanotechnology

April 17 @ 9:00 am - April 18 @ 5:00 pm BMT
Jun 22

6th International Conference on Neuro-Oncology and Brain Tumor

June 22 @ 9:00 am - June 23 @ 6:00 pm BMT

Trending