Ministry of Commerce set to boost Q3 exports

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BANGKOK, 26 July 2015 – In the latest move to boost exports in the third quarter, the Ministry of Commerce has instructed its Commercial Affairs Offices worldwide to invite foreign importers and distributors to form business ties with Thai operators. 

Nuntawan Sakuntanaga, Director-General of the Department of International Trade, has disclosed that over 14,000 business operators from 70 countries are expected to visit Thailand to sign purchase deals with Thai producers. The bilateral trade is likely to generate at least 7.3 billion baht in export value in the third quarter.

Mr. Nuntawan said the electrical industry would see more export orders as a result of the business-matching. Top sellers include air conditioners and television sets. Exports of electrical appliances created revenue of 9.6 million dollars in the period January- May this year.

The Ministry of Commerce is expediting its plan to develop the country into the trade and investment hub of Southeast Asia in preparation for the advent of the ASEAN Economic Community (AEC). It intends to highlight the country’s advantages, including its strategic location, quality labor force and complete facilities as persuasive selling points to attract overseas investors.