BANGKOK, Dec 4 – Thailand’s exports are predicted to increase 5 per cent next year despite a disappointing growth of only 0.5 per cent this year, according to the Thai National Shippers’ Council (TNSC).
TNSC chairman Nopporn Thepsitthar said the value of exports in October was US$19.39 billion, a 0.67 per cent decrease and the value in Thai currency was Bt603 billion, a 0.94 per cent increase.
He said next year’s strengthened economy worldwide will contribute to a jump in Thai exports by at least 5 per cent.
The TNSC has mapped out an export strategy to boost Thailand’s efficiency and synchronise the manufacturing of 13 major industrial sectors such as rubber and related products, furniture, auto and parts.
He said the TNSC has proposed a restructuring of Thailand’s export sector including the logistics system and infrastructure, trade-related regulations, human resource and labour development, as well as research and development.
