Illustrative photo (Source: themalaysianinsider.com)

Bangkok (VNA/NNT) – Thailand’s Commerce Minister Apiradee Tantaraporn expects Thai exports to increase by 5 percent this year due to several supporting factors involving global oil prices and the prices of farm goods.

According to Apiradee, the Ministry of Commerce will boost the export sector by establishing partnerships with more countries and increasing the volume of Thai products in existing markets. The minister will also seek help from foreign trade representatives in a bid to understand the demand of foreign markets.

ASEAN nations will remain Thailand’s major export destinations as 25 percent of Thai products are sold to these countries.

Meanwhile, the Department of Business Development (DBD) is attempting to amend laws to support the growth of startup companies.

Meetings between the DBD and the Thai Chamber of Commerce as well as the Office of the Council of State and the Electronic Transactions Development Agency have been held to collect suggestions and opinions regarding the improvement of such laws. The DBD will propose the changes to the Commerce Minister for her consideration this month before seeking the Cabinet’s approval.-VNA/NNT