Somdej Susomboon, Acting Director-General of the Commerce Ministry's Department of International Trade Promotion (Source: https://forum.thaivisa.com) Bangkok (VNA) – Thailand’s Ministry of Commerce has come up with four strategies to boost exports in 2020, including plans to expand existing major markets such as ASEAN, the European Union, the US, Japan, and China.
Somdej Susomboon, Acting Director-General of the Commerce Ministry's Department of International Trade Promotion, said the second strategy is to seek new markets such as South Asia, Latin America, Africa and the Middle East.
The third strategy will focus on reviving old markets, including the export of rice to Iraq and establishing a stronger market for Thai products in Bahrain.
The fourth strategy aims to boost cross-border trade as well as e-commerce.
The ministry also plans to organize more than 50 export-related events from now until December.
It will also promote the use of Thai rice in Japan’s processing industry as well as promoting Riceberry in the EU and Russia.
Thailand also intends to hold trade fairs to introduce its products within the Association of Southeast Asian Nations (ASEAN).
In the first eight months of 2019, Thailand’s export turnover reached 166 billion, down 2.2 percent year-on-year, while the country’s imports stood at 160 billion USD, a yearly decrease of 3.6 percent./.
VNA
