Thai exporters advised to adjust to meet new challenges next year to stay competitive

[snoop1130]

 

Thai exporters cannot continue to rely on the benefits they have been enjoying so far this year, to which a two-digit export growth has been attributed, but will have to make adjustments to meet new challenges next year, to stay competitive in the world market, said President of the Export-Import Bank of Thailand Rak Vorrakitpokatorn, at a seminar held today (Tuesday) by the Matichon newspaper.

 

He said that Thailand is fortunate in many respects, such as being located at the confluence of four rivers, a stable currency, an accelerating global economic recovery, increasing demand from abroad for Thai products and the hunger for more products in countries whose economies are recovering.

 

Dr. Rak added, however, that these benefits will disappear next year and new challenges will set in, citing the new shipping rates, which may increase by as much as 6-fold from this year and this will make Thai goods less competitive.

 

Full Story: https://www.thaipbsworld.com/thai-exporters-advised-to-adjust-to-meet-new-challenges-next-year-to-stay-competitive/

 

-- © Copyright Thai PBS 2021-09-22

 

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[fulhamster]

Sort out the risiculously strong baht and then watch the exports rise,