DPM: Thai exports need quality upgrade for competitiveness

[webfact]

DPM: Thai exports need quality upgrade for competitiveness

BANGKOK, 10 June 2015 (NNT) – The quality of Thai export products must be improved to keep up with international standards for competitiveness in the global market, said the DPM for Economic Affairs.

The Deputy Prime Minister for Economic Affairs M.R.Pridiyathorn Devakula, acting as the president of the National Standardization Council of Thailand, presided over the opening ceremony of the seminar held on the occasion of World Accreditation Day and World Metrology Day to encourage the inspection and standard certification activities in Thailand.

The DPM has made his remark on national standardization to increase the nation’s competitiveness, saying that Thailand must improve the quality its products along with international standards to ensure the global reception of Thai products as high quality products, especially for medicine products that should be improved prior to the integration of the ASEAN Economic Community (AEC).

He has also mentioned the weakened Thai currency, 33.80 baht per 1 US dollar from 32.70 baht per 1 US dollar, actually benefits the export sector especially the agricultural produce. Agricultural entrepreneurs had previously suffered losses due to the exchange rate.

He has said that it is expected that the Thai currency could continue to weaken, while the current 1.5 percent policy rate is the lowest in the region. It is expected that the policy rate will be retained at the same rate after the Monetary Policy Committee meeting concludes today.


-- NNT 2015-06-10

[bangkokfrog]

The quality of medicine products are below standard? Says it all !!!

But what kind of fool would admit this to the International communty. Me thinks he will soon be called in for some "attitude adjustment".

[rebelplatoon]

The main theme is that the Baht needs to weaken another 30% !!!!! If not, this country will not be able to export, period. All activity now, is just contract export. After that, it's over. Action is required and they are 6 months over due.

Edited June 11, 2015 by rebelplatoon

[geistfunke]

The main theme is that the Baht needs to weaken another 30% !!!!! If not, this country will not be able to export, period. All activity now, is just contract export. After that, it's over. Action is required and they are 6 months over due.

30% is a lot, but 15-20% would be a start, 10% now in the next 2-3 month is minimum for export and tourism.