BANGKOK, 28 May 2012 – The Commerce Ministry has told commercial attachés abroad to inform foreign traders that Thai entrepreneurs have fully recovered from the flood.
Deputy Commerce Minister Poom Sarapol said many Thai producers have to reduce their production capacity after the country has been hard hit by flood, but the industrial sector has fully recovered and Thai producers are now able to produce more for export. As the Greek debt crisis has been affecting several of its trading partner countries, the Minister has informed all commercial attachés to help promote Thai products so that foreign traders place more orders for Thai products.
The ministry expects the Thai export sector to expand by 15% this year.
Mr Poom said the Commerce Ministry is supporting Thai entrepreneurs to be more competitive in the world stage. The ministry has been helping entrepreneurs increase their product and service value and lower logistic costs.
He indicated that average production costs of Thai producers accounted for 14.5% of the GDP, adding that if the percentage is reduced, Thai entrepreneurs would gain more advantage.
