Thailand seeks measures to push exports

Thai Commerce Minister Phumtham Wechayachai is set to have a meeting with the private sector this week, which aims to boost the country's exports and economic performance in the last quarter.

Monday, September 25, 2023 22:08

Bangkok (VNA) – Thai Commerce MinisterPhumtham Wechayachai is set to have a meeting with the private sector thisweek, which aims to boost the country's exports and economic performance in thelast quarter.

According to Phusit Ratanakul Sereroengrit, Director-Generalof Thailand’s International Trade Promotion Department, the meeting is scheduledfor September 27 to assess the export situation and find measures to stimulate tradein the final quarter.

As per the Commerce Ministry's latest figures, the country’s exports droppedfor a 10th consecutive month in July, dipping below the forecast because of asteep reduction in global commodity prices. The situation was exacerbated bystricter monetary policies and heightened stringency in financial institutions'lending practices, resulting in reduced consumer spending.

According to Phusit, for the remainder of the year, thedepartment will collaborate with the Tourism Authority of Thailand and ThaiAirways International Plc to promote Thai restaurants and food products,which are considered soft power assets that can increase the value of Thai foodexports.

In December, the department is slated to schedule meetingswith commercial counsellors worldwide to assess export targets for 2024./.

VNA

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