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

Published

3 years ago

June 25, 2018

May Zaw Win

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

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

December 16, 2020

Headline Editor

Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.

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Trade

Will RCEP help drive South-east Asia’s Covid-19 recovery?

The Regional Comprehensive Economic Partnership (RCEP) was finally signed on Sunday November 15, on the sidelines of the annual summit of the Association of South-East Asian Nations (ASEAN).

Published

2 months ago

November 20, 2020

Oxford Business Group

Marking a significant regional milestone, it is hoped that the RCEP will help its 15 signatories recover from the economic fallout of the coronavirus pandemic.

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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

Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.

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