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Chaiya optimistic of 25% export growth

Commerce Minister Chaiya Sasomsab is confident that Thailand's export value growth rate this year would not be lower than 25 per cent, buoyed by the robust growth rate of 26.1 per cent in the first 7 months of this year.



 

 During January-July, Thailand reaped US$104.17 billion from exports, despite anticipation that the global economy would slow down on the US subprime crisis.

 Thailand originally set the export value target at $170 billion or a growth rate of 12.5 per cent from last year's level.

 Chaiya said Thailand would focus more on emerging markets, particularly China, Indonesia and Dubai.

 After delivering his policies to Thai trade represenatives in 56 countries and honourary advisors in 40 countries, Chaiya said he instructed all to find ways to boost exports particularly jasmine and white rice,as well as gems, and restaurant and spa business.

 He noted that the number of Thai restaurants overseas should rise by 2,000 from 15,000 at present, to cash in on growing appetite for Thai food.

 On the revocation of the state of emergency, Chaiya said it should restore confidence in tourim business and investment. Once the new government is formed, the situation should return to normalcy, he said.

 "All representatives were also instructed to tell the other parts of the world that the situation in Thailand is not as worse as reported," he said. 


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