Thai Exports To ASEAN Market Grow 62%

[webfact]

Thai Exports to ASEAN market grow 62%

BANGKOK (NNT) -- Thai exports to ASEAN countries in the first four months of 2010 expanded by 62% when compared with the same period in 2009, according to the Department of Foreign Trade (DFT).

DFT Director-General, Manat Soiploy, reported that the total value of Thai exports to the ASEAN market from January to April 2010 was 13.76 billion USD, increasing by 8.462 billion year-on-year. Moreover, the value throughout 2009 stood at 32 billion USD.

Mr Manat deemed the ASEAN grouping an important market of Thai exports, and would be one of the vital production bases of the world in the near future after the region declared the establishment of the ASEAN Economic Community (AEC) in 2015.

To support the AEC establishment, the ASEAN countries, comprising Thailand, Myanmar, Singapore, Indonesia, Malaysia, Vietnam, the Philippines, Brunei, Cambodia, and Laos, have eliminated their tariffs to 0% in some of their products since 1 January 2010 under the ASEAN Free Trade Area (AFTA).

-- NNT 2010-06-27

[Jimi007]

Really? Export of what to whom? I'm sure Cambodia, Laos and Burma have plenty of money to spend on imported goods...

[jombom]

The maths in this article dfo not add up in any sensible way whatever.

Probably the real figure is between 6.2% and 62 million per cent

[bangkokburning]

Fruit and rice. Philippines net importer yoy. My hunch is Burma and Lao as well. Malaysia possibly, Indonesia...(India, non ASEAN)

Its food so it's priority #1 for natl security. Not only will govts import, they subsidize!

Don't know about the figures. This is Lieland.

Edited June 30, 2010 by bangkokburning