Shippers council makes 5 proposals to junta to boost exports

Economy May 31, 2014 00:00

By Petchanet Pratruangkrai
The N

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The Thai National Shippers Council (TNSC) has proposed five priorities to the National Council for Peace and Order for formulating the trading structure, and called for the NCPO to bolster the confidence of foreign traders to ensure Thailand's capability

The five proposals are to integrate the work of the Industry and Commerce ministries so that the manufacturing and trading sectors are better able to grow in accordance with market demand; amend laws and regulations to facilitate more trade growth; focus more on research and development; establish a national design centre for packaging; and support development of human resources.
TNSC chairman Nopporn Thepsithar said yesterday that the trading sector needed to be reformed to adjust to market liberalisation.
“Exporters highly expect that the NCPO will come up with strategies to support the manufacturing and trading sectors, and those five plans are urgently needed by the export sector,” he said.
He added that the TNSC would maintain its projection of 3-per-cent export growth this year. That is lower than the Commerce Ministry’s recently revised growth projection of 3.5 per cent.
The gloomy export outlook is a result of a contraction of Thai shipments by 0.97 per cent year on year in the first four months of 2014.
The TNSC also called for the NCPO to work closely with the private sector on boosting foreign traders’ confidence after the coup.
Vallop Vitanakorn, vice chairman of the TNSC, said most foreign investors were still confident in Thailand, despite the military takeover.
He said private enterprises would like to see an integration of the Industry and Commerce ministries as this would increase efficiency for supporting supply chains from upstream to downstream.
Vallop added that Thai exports should show signs of recovery in the second quarter, with 1-2 per cent growth.