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Published on October 26, 2007

Surasak Riangkrul, head of the Thai Trade Centre in New York, said American importers were seeking new sources.

Thai exporters should focus on food standards, environmental safety, organic food qualifications and attractive packaging to meet US Food and Drug Administration requirements.

Foods from China face stringent standard inspections after chemical contamination and toxins were found, Surasak said. Chinese goods including toothpaste, toys, tyres, animal feed, fruit juices and seafood have been recalled.

The US imports seafood worth US$841.97 million (Bt28.7 billion) for 80 per cent of its demand. Thailand is the fourth-biggest seafood exporter to the US after Canada, China and Chile.

Power deal

The Electricity Generating Authority of Thailand yesterday signed a power purchase agreement with the Nam Thuen-Hin Bun extension project, paying Bt1.82 per unit.

The power will be supplied from March 2012, mostly to cover demand in the Northeast. The project has a capacity of 220 megawatts.

L'Oreal grows

French cosmetics giant L'Oréal said yesterday that the dynamism of its Asia zone was continuing, with like-for-like growth of 13.8 per cent enabling the group to score major gains in market share.

Like-for-like figures are based on a comparable structure and identical exchange rates.

In Thailand, where the group is making large gains, the growth rate of 21.0 per cent is bolstered by the success of Light skincare by Garnier, backed up by the successful launch of Elsève by L'Oréal Paris in the haircare segment.

The Nation