Shippers’ Council urges govt to break into Indian market

[snoop1130]

Shippers’ Council urges govt to break into Indian market

By The Nation

 

 

The Thai National Shippers’ Council (TNSC) has urged the Commerce Ministry and related agencies to break into India’s booming market.

 

The Indian market offers big opportunities amid demand for rubber, rubber wood, food, jewellery and repairing chemical spray, and Thailand has the potential to compete there while benefiting from the FTA agreement between the two countries, TNSC president Kanyapak Tantipipatpong said.

 

She also said the government should hasten Thai-Sri Lankan FTA negotiations. 

 

The ministry should besides look into high growth and secondary markets such as Greece, Austria and Ukraine, Kanyapak said, adding that the Department of International Trade Promotion should organise discussions between companies of “champion products” and commercial attachés of each country to enhance trade. 

 

Kanyapak urged the government to support the overall e-commerce platform, or National Digital Trade Platform, to expand the online market amid a global trade war.

 

Export growth in July expanded 4.28 per cent to $21 billion (Bt642.3 billion), compared to the same period last year that saw a decrease of 0.7 per cent.

 

However, the TNSC forecast that full-year export growth will decrease by 1 per cent.

 

There are four factors that might change this amount of decrease – gold prices, which tend to rise as the commodity becomes a safe investment in an unstable trading situation; the trade war between China and the United States; promotional campaigns for new potential products, with markets for agricultural products, food, and lifestyle goods witnessing constant growth in the US and India; and decreasing oil prices amid the trade conflict and low global demand.

 

Kanyapak said the government needs to monitor global situations which threaten Thai export growth, such as the US-China tariff battle, Brexit, foreign conflicts, baht appreciation, and natural disasters.

 

Source: https://www.nationthailand.com/business/30375784

 

-- © Copyright The Nation Thailand 2019-09-03

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[Puchaiyank]

What?   The Indians have a business worth breaking into?  ????

[RichardColeman]

Knowing the Thai logic, there will be a new committee set up to investigate exporting suits to India

[Redline]

They just realized how many people are in India?  Too focused on China I guess.

[captpkapoor]

22 hours ago, Puchaiyank said:

What?   The Indians have a business worth breaking into?  ????

Still the second fastest growing economy, despite the recent slowdown. $ 2.7 trillion, since you seem to be mentally challenged, or can see no good in anything about India

[Puchaiyank]

41 minutes ago, captpkapoor said:

Still the second fastest growing economy, despite the recent slowdown. $ 2.7 trillion, since you seem to be mentally challenged, or can see no good in anything about India

I see "Indian" humor escapes your superior mentality...????

[billd766]

23 hours ago, Puchaiyank said:

What?   The Indians have a business worth breaking into?  ????

Sure they do.

 

It is the biggest tailors shop in the world. 

 

[billd766]

The Thai National Shippers’ Council (TNSC) has urged the Commerce Ministry and related agencies to break into India’s booming market.

 

Why should the government have to do it?

 

Why don't the The Thai National Shippers’ Council (TNSC) take their finger out, get off their collective rear ends and make a start themselves, WITH THEIR OWN MONEY?