BANGKOK, 16 October 2013 The Thai Chamber of Commerce (TCC) expects at least a 4 percent growth in the country’s exports in the last quarter of 2013, saying food exports will make the highest jump.
Chairman of the Thai Chamber of Commerce Isara Wongkusolkit has forecast that Thai exports in the fourth quarter will grow around 4 percent, elaborating that food exports will see a significant increase of around 5 percent. He, however, said despite an expected increase in exports in the last quarter, the overall growth in the entire 2013 will be only at 3 percent.
He went on to say that the country’s exports next year will grow beyond 5 percent, while food products will still be the main drive for the export sector as food exports will expand in the range of 5-7 percent.
The chairman also cited some obstacles that could negatively influence the export industry, saying the volatility of the Thai currency and the political uncertainty could wreck the investors’ confidence.
