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Thai economy sees upbeat signs in first quarter

Thailand’s economy saw upbeat signs in the first quarter of this year with export turnover surpassing 62.8 billion USD, up 11.3 percent year-on-year.
Thai economy sees upbeat signs in first quarter ảnh 1Illustrative image (Source: thailand-business-news.com)

Bangkok (VNA) – Thailand’s economy sawupbeat signs in the first quarter of this year with export turnover surpassing 62.8billion USD, up 11.3 percent year-on-year.

According to the latest statistics released by the Thai Commerce Ministry, thecountry’s exports fetched over 22.36 billion USD in March, an increaseof 7.1 percent compared to the same period last year. Its major export markets included the US, India and Southeast Asian nations. Commodities with high export growth were computer, petrol, plastic products and electronic chips. 

In the January-March period, Thailand enjoyed a trade surplus of over 1.9billion USD. 

Tourism is also a bright point in the Thai economic picture in the firstquarter. According to the country’s Ministry of Sports and Tourism, Thailandwelcomed 10.6 million international arrivals, earning 189 billion THB (6billion USD) in revenue, a year on year increase of 15.4 percent and 19 percentrespectively.

The Commerce Ministry also revealed that Thailand and Turkey are holding the thirdnegotiation round for the bilateral free trade agreement (FTA) from April 24-26in Ankara, Turkey.

Auramon Supthaweethum, head of the Trade Negotiations Department of the CommerceMinistry, this negotiation round will focus on customs procedures and healthcare service quality standards.

The FTA is expected to minimise trade barriers and expand investment opportunitiesfor Thai and Turkish businesses, allowing Thai companies operating in thefields of automobiles, electronics, plastics, rubber and home appliance toexpand their market shares in the European country.

Two-way trade between Thailand and Turkey hit 261 million USD in the first twomonths of 2018, up 11.4 percent against the same period last year.-VNA
VNA
#Thailand’s economy #upbeat signs #first quarter #statistics #Thai Commerce Ministry #Vietnamplus #Vietnam News #Vietnam News Agency Thailand
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