Thailand on SC Trade20 index

 

   

BANGKOK (NNT) - The Prime Minister has expressed his admiration as Thailand this year is ranked as one of the top 20 markets with the greatest potential for future trade growth, according to Standard Chartered’s analysis.

 

A Deputy Government Spokesperson, Rachada Dhnadirek has revealed that one outcome of the Cabinet meeting. is that Prime Minister and Minister of Defence Gen Prayut Chan-o-cha wishes the general public to be aware of the latest Trade20 Index from Standard Chartered, in which Thailand is ranked the 8th market with the greatest potential for future trade growth.

 

The report cites preparedness in trading and strong E-Commerce growth as contributing factors in Thailand’s growth potential.

 

Standard Chartered’s Trade20 index is a survey of 66 markets globally, analyzing their trade and market growth potential using 12 variables, grouped into three equally-weighted pillars: economic dynamism, trade readiness and export diversity.

 

The bank measures current trade growth potential from the market’s current preparedness, seen able to support future growth, through the diversity of export products and related market growth such as the value of foreign direct investment in the stock exchange.

 

-- © Copyright NNT 2019-10-08

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I'm afraid ,it's only wishfull thinking

53 minutes ago, webfact said:

The Prime Minister has expressed his admiration as Thailand this year is ranked as one of the top 20 markets with the greatest potential for future trade growth

A reasonably good result for Thailand. 8th out of 20. Just behind Vietnam 6th and Indonesia 7th.

Just a shame that exports are contracting. According to Trading Economics, down 4% from last year.  

But export figures are not always what they appear to be. A headline in a report by the Bangkok Bank.

Thai export numbers for February 2019 were vastly overstated by the repatriation of US weapons systems following Cobra Gold. 

Some would call that massaging the figures. There seems to be a fine line between truth and lies with government sourced statistics.

https://www.bangkokbank.com/th-TH/International-Banking/-/media/7F2A2504199F4C4DBE1CA94A0936BC05.ashx

The Trade20 index 1. Côte d’Ivoire 2. India 3. Kenya 4. China   5. Ireland  6. Vietnam  7. Indonesia  8. Thailand  9. Oman  10. UAE  11. Hong Kong  12. Russia  13. Ghana  14. Sri Lanka  15. Bahrain   16. Singapore   17. Switzerland   18. Chile   19. Turkey   20. Philippines

30 minutes ago, Cadbury said:

A reasonably good result for Thailand. 8th out of 20. Just behind Vietnam 6th and Indonesia 7th.

Just a shame that exports are contracting. According to Trading Economics, down 4% from last year.  

But export figures are not always what they appear to be. A headline in a report by the Bangkok Bank.

Thai export numbers for February 2019 were vastly overstated by the repatriation of US weapons systems following Cobra Gold. 

Some would call that massaging the figures. There seems to be a fine line between truth and lies with government sourced statistics.

https://www.bangkokbank.com/th-TH/International-Banking/-/media/7F2A2504199F4C4DBE1CA94A0936BC05.ashx

The Trade20 index 1. Côte d’Ivoire 2. Inchdia 3. Kenya 4. China   5. Ireland  6. Vietnam  7. Indonesia  8. Thailand  9. Oman  10. UAE  11. Hong Kong  12. Russia  13. Ghana  14. Sri Lanka  15. Bahrain   16. Singapore   17. Switzerland   18. Chile   19. Turkey   20. Philippines

Looking at these countries named above I don't think I would be singing about it. More like countries with major problems so must eventually rise up.... Maybe. Trade wars, IRE with its border issues with its biggest export market, Middle East problems, street protests etc.... Think its more like the gamblers gamble chart of investments. But then again I know nothing. 

I ASSume that number 2 is India, "Inchdia" doesnt exist. I spend a lot of time in the Ivory Coast no idea how they are number 1?

With a Baht so high--that flat out won't happen.  No robust trade.

19 hours ago, webfact said:

is ranked as one of the top 20 markets with the greatest potential for future trade growth,

If you are bottom, the only way is up.  You can have all the potential for growth but with brainless muppets in charge, nothing will happen.