Weakened Swiss Franc not affecting Thai exports, says DITP Director-General

[webfact]

Weakened Swiss Franc not affecting Thai exports, says DITP Director-General

BANGKOK, 20 January 2015 (NNT) – The Director-General of the Department of International Trade Promotion (DITP) has ensured the depreciating Swiss Franc will not affect the Thai export sector, and he is positive that the Made in Thailand in Focus 2015 Exposition will effectively boost domestic purchases.

According to the DITP Director-General Nuntawan Sakuntanaga, the depreciated Swiss Franc currency will cause little to no effect to Thailand's export sector as both countries' import and export volume are not high.

The main export products of Thailand to Switzerland are gold merchandises, while the main imported products from Switzerland are watches and jewelries.

The DITP Director-General has said that the Ministry of Commerce will work in unison with the private sector to push the nation’s export figures this year to grow by a target of 4 percent, while many institutions have predicted the export figures to grow by 2.5 percent this year.

Regarding the falling price of oil, the DITP Director-General has said that this phenomenon provides benefits to many countries in terms of the increased domestic purchasing power.

She has also mentioned that the DITP will work with the private sector to prepare necessary information for the official visit of the Minister of Commerce to India in order to enhance trade cooperation.

The DITP will be holding the Made in Thailand in Focus 2015 exposition on 28 January to 1 February 2015 at the BITEC Bangna exhibition center, selling export quality products to encourage domestic consumption and purchases.

In addition to products from Thai entrepreneurs, good quality products from foreign countries such as Cambodia, Vietnam, the Philippines, Indonesia, Myanmar, China, and India will also available for purchase.

It is expected that this event will generate money circulation worth over 300 million baht.


-- NNT 2015-01-20

[berybert]

^{So those Swiss watches at the market are genuine !!}

[adammike]

I thought the Swiss franc rose 30%

[kalbo123]

Weakened?

HAHAHAHA

It only gained about 20%...

Hope this man is joking, otherwise it's maybe time to look for an other job.

Edited January 20, 2015 by kalbo123

[canopus1969]

So that means cheaper Rolex's - or should I still keep buying them on Beach Road ?

[Sphere]

I thought the Swiss franc rose 30%

That happened on planet Earth.

[Valentine]

Seems like someone does not know the difference between depreciating (depreciation would have been better) & appreciating.

[Naam]

it might be a misinterpretation by the journalist who wrote the article.

[Diplomatico]

Live from New York, it's Saturday Night!

[kalbo123]

it might be a misinterpretation by the journalist who wrote the article.

If this was true, the Thai export would not be an issue, because it's very cheap for Swiss to buy Thai products..I think the financial dude does not know what he is talking about...

Edited January 20, 2015 by kalbo123

[littleboylost]

Utterly clueless. Next job will be with TAT.

[HiSoLowSoNoSo]

Even if there was an all out nuclear war some moron from DITP or TAT will insist that it will not affect Thailand.

[nong38]

I thought the Swiss franc rose 30%

So did I, which word did they not understand?..............ah rose...........its a flower.

[Ruud4u]

This man need a promotion.

If you don't know the difference between depreciation and appreciation you are the right man on the wrong place.
Many Swiss people will go on holiday to (in her eyes) CHEAP Thailand.

What kind of products Thailand want to sell to Switzerland. All Thai products are now 30% cheaper for them.
So the export to Switzerland should raise !!!!

Beside they are the richest people (in wellfare) of the world.

[Thai at Heart]

Someone got his appreciating and depreciating mixed up. And this ladies and gentlemen is the Director Of International Trade.

No its not effecting anything, but your Rolex and your Milka in Central are about to get 20% more expensive. Anyone fancying a holiday to Switzerland better stump up the case

Does anything effect anything in this country. Is the default statement to be permenantly teflon to the outside world. A currency has what is recorded as the single largest daily movment and the default statement is "Mai bpen arai."

[candide]

This is amazing! At first I thought it was only a translation mistake but this argument developped clearly refers to a depreciated swiss franc.

If she was refering to an appreciating swiss franc, the argument will be like "exports will grow because they will be cheaper in Switzerland"

And she's got an MBA!

[Ozziepat]

I'm awaiting a reveal on who is manipulating the Baht. It keeps declining to 33 to the dollar, then it gets pumped up only to repeat the slide. Its behavior is much like a currency that is being artificially maintained within an artificial trading range. Maybe I missed the outpouring of candid prose, but in all the business and finance articles in BP, I cannot recall a mention of the currency, or what's being done to it, or by whom. Central banking activities, and banking activities in general, don't seem to be all that, wait , what's the word, almost got it, on the tip of my tongue... Oh, yeah. Transparent.

[chotthee]

This man need a promotion.

If you don't know the difference between depreciation and appreciation you are the right man on the wrong place.

Many Swiss people will go on holiday to (in her eyes) CHEAP Thailand.

What kind of products Thailand want to sell to Switzerland. All Thai products are now 30% cheaper for them.

So the export to Switzerland should raise !!!!

Beside they are the richest people (in wellfare) of the world.

What do you expect from a coup junta run government?

[Gunna]

Weakened?

HAHAHAHA

It only gained about 20%...

Hope this man is joking, otherwise it's maybe time to look for an other job.

Maybe because this man is a lady, if you could read you might be able to get a job

[Gunna]

This man need a promotion.

If you don't know the difference between depreciation and appreciation you are the right man on the wrong place.

Many Swiss people will go on holiday to (in her eyes) CHEAP Thailand.

What kind of products Thailand want to sell to Switzerland. All Thai products are now 30% cheaper for them.

So the export to Switzerland should raise !!!!

Beside they are the richest people (in wellfare) of the world.

What do you expect from a coup junta run government?

Nuntawan Sakuntanaga was in her position before the coup. May have been under PTP ??

The Junta can't sack everybody straight away, but needs to when they show gross incompetence

[surangw]

whoever was reading the info to him must have made a mistake in translation

[elektrified]

[Ruud4u]

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whoever was reading the info to him must have made a mistake in translation

In that case the whole article was wrong translated. I think he/she made a wrong analyse of the appreciation of the swiss franc, but it don't have influence on the Thai export, because i believe the business relation is very very small. Beside Switzerland has only 8 million habitants.

[trogers]

This is amazing! At first I thought it was only a translation mistake but this argument developped clearly refers to a depreciated swiss franc.

If she was refering to an appreciating swiss franc, the argument will be like "exports will grow because they will be cheaper in Switzerland"

And she's got an MBA!

What kind of MBA?

But then, we did have a Science Minister with a high degree from Chula too, and a boatmaster as well.

[Ruud4u]

Do you know that staff at Mac Donalds in Switzerland makes more than 80,000 baht per month AFTER TAX.
Many Thai people wants to be a Hamburger baker in Switzerland.

Last week they had a raise and they earns NOW 100,000 baht

All to boost your knowledge about that beautiful country, where a beer costs more than 400 baht

[surangw]

Do you know that staff at Mac Donalds in Switzerland makes more than 80,000 baht per month AFTER TAX.

Many Thai people wants to be a Hamburger baker in Switzerland.

Last week they had a raise and they earns NOW 100,000 baht

All to boost your knowledge about that beautiful country, where a beer costs more than 400 baht

sounds a bit like a long range pyramid scheme

[jacko45k]

I thought the Swiss franc rose 30%

Yes I did too, what on earth is this all about?

[Naam]

Do you know that staff at Mac Donalds in Switzerland makes more than 80,000 baht per month AFTER TAX.

Many Thai people wants to be a Hamburger baker in Switzerland.

Last week they had a raise and they earns NOW 100,000 baht

All to boost your knowledge about that beautiful country, where a beer costs more than 400 baht

sounds a bit like a long range pyramid scheme

little do you know about the Swiss economy.

[Sydebolle]

Wondering what weed the boys at DITP are smoking; the THB was weakened by 20% against the CHF. This aggregates Thai exports from a financial point of view only; expect watches, chocolates and cheese to sky-rocket through the THB-roof

[Ruud4u]

Do you know that staff at Mac Donalds in Switzerland makes more than 80,000 baht per month AFTER TAX.

Many Thai people wants to be a Hamburger baker in Switzerland.

Last week they had a raise and they earns NOW 100,000 baht

All to boost your knowledge about that beautiful country, where a beer costs more than 400 baht

sounds a bit like a long range pyramid scheme

little do you know about the Swiss economy.