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Thai Commerce Ministry aims to push for 4 percent increase in export this year

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MOC aims to push for 4% increase in export this year

BANGKOK, 4 February 2015 (NNT) – The Ministry of Commerce (MOC) aims for an export growth target of 4 percent this year through the penetration of four major markets while admitting the target will be vulnerable to several factors, said the spokesperson.


The MOC Spokesperson Duangkamol Jiambutr has revealed the 2015 export promotion measures with a growth target of 4 percent. The MOC will be segmenting the international market into four categories in order to facilitate export differentiation measures that will be tailored to different market types.

The international market now includes the high economic development group, the medium economic development group, the Latin American and Middle Eastern market and the low economic development market.

The high economic development group includes the United States, European Union and Japan. The medium economic development group includes China, India, South Korea and Russia. The low economic development group will include African, South Asian countries, and the ASEAN market.

The MOC Spokesperson identified the different strategies Thailand will be pursuing for each market category. Thailand will be able to increase the export of some products for the high economic development group market. Targeting potential buyers due to The large population of the medium economic development group markets will allow Thailand to target potential buyers in the subordinate cities of this market group. The ASEAN market can be penetrated instantly, while the other low economic development market can be a valuable source of materials for Thailand.

However, the MOC Spokesperson admits that will be a number of factors that can disrupt the designated export target. Adapting strategies accordingly to each situation in order to achieve Thailand's export target will require research and specific details.

The MOC is also considering to adapt the ‘Mae Sod Model’ to increase export value and to start an integration of the factory construction, employment, and infrastructure development processes. Entrepreneurs are encouraged to invest in the area, which will help expand the trade value by 200-300 percent.

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And just to let everyone know, I am aiming for the Canadian dollar to climb out of the doldrums and get back on a par with our good friends to the south of us.whistling.gif

And just to let everyone know, I am aiming for the Canadian dollar to climb out of the doldrums and get back on a par with our good friends to the south of us.whistling.gif

Yeah, and I'm aiming for the pound to get back to 74.

I love the positive thing here. YOU GO MOC !!!!!!

And just to let everyone know, I am aiming for the Canadian dollar to climb out of the doldrums and get back on a par with our good friends to the south of us.whistling.gif

Really? I was aiming for the Thai baht to devalue to 40 baht per dollar. Let's see whose aim is accurate hehee

they could probably do it if they stopped customs from making export business pay extra for them to allow the shipments to leave on time, when they are charged a percentage of the sales value every month so that they are not held up and have to pay late fees for delivery it is a problem. I have seen the cash changing hands at out local customs centre, company has all the legal documents for it to be done legally but the agents want their personal cuts each month and it is in the hundreds of thousands, corruption rules all govt agencies so trying to get it done properly is out of the question

Hope they plan to use some kind of a lube, because penetrating without one could be painful for both sideslaugh.png

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And just to let everyone know, I am aiming for the Canadian dollar to climb out of the doldrums and get back on a par with our good friends to the south of us. alt=whistling.gif>

Mexico?

Crystal ball gazing is a favourite pass time in Thailand , although it is not alone , talking up the economy is generally done by specialists from any country and I can see there are a few in Thailand , I myself like the hindsight crystal ball as you can actually see what happened , when it happened and why, that is the most accurate forecast of the lot , although you have to hand it to TAT they must have hindsight , as they are always spot on with their projected numbers even though they change each week. coffee1.gif

Will not happen. Entrepreneurs will not invest while baht over valued and to sell to other countries while they can find alternative cheaper markets is yet another pipe dream.Thailand should remember the Japan experience when the yen was over valued ten years ago

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