Trade
Thailand’s Exports shows 15th consecutive month of growth
Thailand’s export sector has continued its growth trend, despite concerns over trade disputes between the United States and China
Thailand’s Ministry of Commerce has reported that May exports grew by 11.4% to over 22 billion US dollars, the 15th straight month of growth.
Thailand’s export sector has continued its growth trend, despite concerns over trade disputes between the United States and China. Exports to key markets rose last month, especially to India and the CLMV cluster, which comprises Cambodia, Lao PDR, Myanmar and Vietnam.
High-growth industrial sectors included automobiles and auto parts, computers and electronic components, chemicals, plastics and processed oil. High-growth agricultural products included rice, processed and frozen chicken and canned tuna.
The Trade Policy and Strategy Office (TPSO) expects Thai exports to maintain their growth trend and market penetration in line with global economic growth. However, short-term fluctuations can be expected as a result of US-Chinese trade measures. Meanwhile, oil prices are likely to rise in the long term, which will result in higher prices for agricultural products and commodities. Overall, the TPSO believes the export sector this year will grow by close to its target of 8%.
Source : National News Bureau Of Thailand | Exports in May mark 15th consecutive month of positive growth
Opinion
Getting Asia’s act together on trade
Opening economies up to international commerce, ideas and migration has lifted billions out of poverty and brought prosperity to much of the world. But that success is conditional on getting domestic policies right
Populism and anti-globalisation is gripping much of the West. The United States and the United Kingdom, for example, are conflicted in different ways over trade and globalisation.
(more…)Asean
Thailand and EU ready to sign a Strategic Partnership
Both sides have endorsed the resumption of FTA negotiations between Thailand and the EU and between ASEAN and the EU. In addition, the Strategic Partnership and Cooperation Agreement is designed to promote bilateral trade and investment.
BANGKOK, 2nd August 2019 (NNT) Thailand and the European Union are ready to sign a draft Strategic Partnership and Cooperation Agreement to promote bilateral trade and investment in the future.
(more…)Trade
Opportunities in Cross-Border Logistics to Vietnam
Cross-border trade has become increasingly important for Thai economy, especially given that Vietnam, as a main cross-border trade partner, contributes over 60% of Thailand’s total cross-border trade.
Cross-border trade between Thailand and Vietnam tends to grow by approximately 30%CAGR over the next 3 years.
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