Thailand’s global trade force called to summit on export woes

[snoop1130]

Thailand’s global trade force called to summit on export woes 

By The Nation

 

Banjongjit Angsusing/Photo by The Nation

 

The Commerce Ministry’s International Trade Promotion Department will meet the directors of its offices around the world later this month to discuss likely impacts from the US-China trade war.

 

Banjongjit Angsusing, the department’s director-general, said on Monday the directors will be bringing foreign buyers to attend the logistics show “Tilog – Logistix2019” in Bangkok from August 28-30. 

 

It’s a prime opportunity to discuss with them adjustments to Thailand’s export strategy for the second half of the year, she said.

 

“Several research centres have revised down predictions for the country’s exports this year, but the department maintains that exports will grow by three per cent. Now we have to explain to our directors around the world how to find new markets to boost export growth,” she said.

 

Banjongjit noted that Washington plans to apply a 10 per cent import tax to $300 billion worth of products from China starting on September 1 and there will be a significant impact on Thai exporters.

 

Source: https://www.nationthailand.com/business/30374267

 

-- © Copyright The Nation Thailand 2019-08-05

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[worgeordie]

It's the strong Bhat ,stupid

regards worgeordie

[madmitch]

8 minutes ago, snoop1130 said:

“Several research centres have revised down predictions for the country’s exports this year, but the department maintains that exports will grow by three per cent.

They've obviously borrowed the Ministry of Tourism's statistical experts.

[Thechook]

Military keeping the  baht over inflated.  Should go back to marching up and down 

[pokerface1]

31 minutes ago, madmitch said:

They've obviously borrowed the Ministry of Tourism's statistical experts.

 

41 minutes ago, snoop1130 said:

It’s a prime opportunity to discuss with them adjustments to Thailand’s export strategy for the second half of the year, she said.

They have already decided on how to boost exports. Medical cannabis is the miracle cure for exports and tourism. Perhaps she hasn't heard the saviours directives yet. 

[Fex Bluse]

1 hour ago, snoop1130 said:

It’s a prime opportunity to discuss with them adjustments to Thailand’s export strategy for the second half of the year, she said.

What is the strategy?! 

They never tell us what the things are! 

[Cadbury]

The lady in the photo doesn't inspire much confidence in the economic future of Thailand.

She needs to be put out to pasture with the old cows in the paddock near the miking shed.

[RichardColeman]

Sub employment for exports and it's about right !

 

Edited August 6, 2019 by RichardColeman

[Pedrogaz]

I have a feeling Thailand's position of a favoured place for foreign investment is fading. There are a combination of things...education, English skills, cost of factory building, wages no longer low compared to Cambodia and Vietnam, political climate...the risks have skyrocketed compared to the good old days.

Companies with sunk investments here will likely stay and continue to make their products, vehicles for example by Toyota and Honda, but there will be no new investments for new projects....so when the HiLux sales in the region start declining it will hurt here. It has already happened with disc hard drives as the standard had moved to solid state, manufacturers like Seagate have not poured investment into Thailand.

For people blaming it on currency solely that is incorrect...currency is easily fixable....but the host of problems some of which have remained unsolved for generations will still be there.

One bright spot is infrastructure. Usually infrastructure brings investment but we have to hope the junta got the destinations correct. Personally I can see Chinese investment but little from the west.