Somkid orders Ministry of Commerce to stimulate national economy

Tarin Angskul

 

 

BANGKOK, 5 April 2019 (NNT) - Deputy Prime Minister Somkid Jatusripitak has ordered the Ministry of Commerce to stimulate the national economy particularly regarding grassroots level to cope with the costs of living and farm goods prices in the face of the volatile global economy.

 

The deputy premier held a meeting with high-level officials of the Ministry of Commerce and concluded that the current government will continue to work for at least a few more months until a new government has been set up. The government will raise the confidence of the country’s economy by keeping the prices of consumer products from rising and keeping the prices of farm goods at appropriate levels.

 

The fact that some 40 million tourists visit major and secondary destinations throughout the country in a year can create the expansion of markets of goods and services for the visitors, given the conveniences of online systems, the deputy premier commented.

 

The Ministry of Commerce has targeted the country’s export sector to reach an 8% growth though the private sector has trimmed it down, particularly regarding the new export markets for which promotional measures will be accelerated. Thai products may be put on sale at major destinations in effort to optimumly access the tourists, he said.

 

The Ministry of Commerce will push for planned trade negotiations with varied trade partner countries, particularly the ASEAN+6 Free Trade Agreement and the Regional Comprehensive Economic Partneship which is yet to be concluded within this year. However, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership issue is yet to be considered by the new government.

 

-- © Copyright nnt 2019-04-06

"Somkid orders Ministry of Commerce to stimulate national economy"

 

46 minutes ago, rooster59 said:

The fact that some 40 million tourists visit major and secondary destinations throughout the country in a year can create the expansion of markets of goods and services for the visitors, given the conveniences of online systems, the deputy premier commented.

Tourism, tourism, tourism. Always the only growth engine worth taking about in Thailand. 

 

A country that secretly runs up to 30% of its economy on the backs of foreign tourists but despises them nonetheless. 

 

Interesting place 

Hope she's good looking

 

1 hour ago, rooster59 said:

Somkid orders Ministry of Commerce to stimulate national economy

The junta lives in a world of dreams. In this case the dreamers being the Ministry of Commerce predicting an 8% growth in exports while the realists, industry's Board of Trade, have downgraded Thailand's export growth to 3.7%.

Somkid conveniently makes no mention of the elephant in the export room being the overvalued baht nor does he give any explanation as to how the stimulation will occur.

Just press the "STIMULATION" button is all that is needed.  

 

How about stimulating the economy by stopping the manipulation of the Thai baht? 

 

PS Posted before reading Cadbury's on-point comment.

Edited April 6, 20197 yr by Kaoboi Bebobp

2 hours ago, rooster59 said:

the current government will continue to work for at least a few more months until a new government has been set up

Interesting throwaway comment hidden in the text!

1 hour ago, Fex Bluse said:

Tourism, tourism, tourism. Always the only growth engine worth taking about in Thailand. 

 

A country that secretly runs up to 30% of its economy on the backs of foreign tourists but despises them nonetheless. 

 

Interesting place 

Do not forget the very same country that goes after hotels without a license fining and jailing owners yet does not issue hotel licenses and country has 80-90% of improperly licenced hotels but the very same country insists on growing tourism.

 

 

Why is this jerkoff in the news constantly lately? literally everything he says is a joke.

10 minutes ago, PingRoundTheWorld said:

Why is this jerkoff in the news constantly lately? literally everything he says is a joke.

A Big Joke?

Yo! Economy! Yeah YOU! Get aroused NOW!!!

.

Edited April 6, 20197 yr by lannarebirth

I wonder whether he and his bunch have realised some uncomfortable truth?

8 minutes ago, JAG said:

I wonder whether he and his bunch have realised some uncomfortable truth?

While economies do get affected by outside influences, the single greatest influence on a country's economy is its citizens confidence in their future.

 

Hmm...