Trade

Eurozone crisis hits Thai exports

Thailand’s overall major markets such as Japan, the European Union and the US fell 13.3 per cent, the ASEAN market by 12.3 per cent and China by 12.9 per cent.

Published

8 years ago

September 26, 2012

Akanksha Singh

Thai exports in August were valued at US$19.7 billion, a 6.9 per cent drop due to escalating eurozone debt crisis, said Deputy Commerce Minister Poom Sarapol.

Thailand’s overall major markets such as Japan, the European Union and the US fell 13.3 per cent, the ASEAN market by 12.3 per cent and China by 12.9 per cent.

The Commerce Ministry will convene a meeting Monday to review the export plan, aiming to push 2012 export growth to seven per cent.

Meanwhile, Dr Somchai Sajjapongse, Director-General of the Fiscal Policy Office, said that the country’s gross domestic product (GDP) has been lowered from 5.7 to 5.5 per cent after the Thai exports growth forecast was reduced to 4.5 per cent from 12.8 per cent.

via Thai exports in August drop 6.9 per cent.

China

RCEP and China: Reimagining the future of trade in Asia

The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

Published

1 month ago

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Headline Editor

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Published

2 months ago

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Oxford Business Group

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China

Thailand ready to ink big Chinese-backed trade deal

The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

Published

2 months ago

November 13, 2020

Olivier Languepin

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