BANGKOK, 10 March 2015 – The cabinet has confirmed that the decelerated export rate in January was due to the global economic slowdown, while setting the 2015 annual export expansion target to 4 percent, says the government spokesperson.
The Spokesperson of the Prime Minister’s Office Captain Yongyut Maiyalap has revealed the outcome of the cabinet’s meeting, saying that the Ministry of Commerce has set the 2015 export growth target at 4 percent with the export ratio to Cambodia, Laos, Myanmar, and Vietnam (CLMV countries) at 10.7 percent, 3.3 percent to the ASEAN market, and 10.3 percent to the Indian market.
He said that the overall export in January experienced deceleration due to the low prices for agricultural products in the global market. He also said that the Ministry of Commerce is now planning a new stimulus package that will penetrate new markets, as well as focusing on the elderly market and hotel industry consumers.
The spokesperson said that the Thai exporting sector has experienced global market players, such as the CP All group and the Sahapat group. These players will provide the initial penetration to the global market, which the Thai exporters will rely on.
The Ministry of Commerce will be negotiating on the Free Trade Area (FTA) agreement with India, Pakistan, and Turkey to find new export channels for the country, according to the government’s spokesperson.
