BANGKOK, 12th August 2019 (NNT) – The Board of Trade of Thailand is working with the Ministry of Commerce to add value to the wide range of Thai goods for export, in reaction to the trade war between the United States and China.
Deputy Prime Minister/Commerce Minister Jurin Laksanawisit; Board of Trade of Thailand’s Chairman Kalin Sarasin and Board of Trade of Thailand’s Vice President Sanan Ang-ubolkul, recently held talks and agreed to set up a war room of representatives of the Ministry of Commerce and the private sector, to monitor the world trade situation and jointly promote the export of Thai goods.
In addition, working groups will be set up to define each category of export goods, associated services and related marketing.
Meanwhile, the Ministry of Commerce will promptly open more trade negotiations, focus on cross-border trading and amend any regulations which might impede exports.
The Joint Public-Private Sector Consultative Committee will hold a meeting on the issue on Wednesday.
The Board of Trade of Thailand’s Chairman has proposed temporary border trading points be upgraded to permanent ones and more centers for the distribution of SME goods be opened to ensure convenient processes aid the expansion of the range of exports from Thailand.
Fruit farmers coping with oversupply and price slumps
Thai Government vows to help fruit farmers, following the problem of product oversupply and price slumps, the Ministry of Commerce said.
BANGKOK, August 2019 (NNT) – To help fruit farmers, following the problem of product oversupply and price slumps, the Ministry of Commerce has recently used Section 44, of the interim constitution, to engage government and private agencies in assisting them in terms of marketing to help sell the produce, including mangosteens, Lansium demesticum, rambutans, longans and other seasonal fruit.(more…)
Thailand’s Drought disaster estimated 10bn baht ($326M)
The overall damage is expected to escalate to 37 billion baht should the drought extends to September, as the wet season rice cultivation cycle would be affected; that would lower expected Thai economic growth to 2.9 percent from 3 percent.
BANGKOK, 3rd August 2019 (NNT) – The latest estimate from the University of Thai Chambers of Commerce (UTCC) shows the drought disaster this year has affected some 1,330 square kilometers of farmland, most of which is rice farms, with initial damage estimated at about 10 billion baht.(more…)
Restaurant business in Thailand…is it still worth investing ?
Restaurant business tends to be constantly growing as a result of structural change like smaller household and changing consumer lifestyle.
Restaurant business still has a chance to grow amidst economic fluctuation. EIC estimates a 4-5% business expansion in 2019-2020 as a result of changing population structure: smaller household, urban expansion and changing consumer lifestyle.(more…)
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