Commerce Ministry wraps up business strategy for services
The Commerce Ministry has completed the drafting of “Thailand's Service Business Strategy”, which aims to help steer the country towards becoming the hub of services sector in Asean.
Among the four components of the strategy is the creation of what it calls Service 4.0 Warriors, the creation of innovation-based services, and the connection of Thai services businesses with the world market, as well as the upgrading of related laws and a services database.
Commerce Minister Apiradi Tantraporn said that according to the World Trade Organisation, Thailand's export of services was ranked in 11th place last year, up from 21 in 2015.
Meanwhile, the Commerce Ministry aims to increase the trade value of organic farming by more than 20 per cent a year from a market value Bt2.7 billion, Bt1.6 billion of total trade in the domestic market and Bt1.1 billion of total trade value from the export market, she said.
She added that organic farming has the potential for growth in the domestic and export markets, where global organic farming products have a market value of Bt3 trillion a year a year.
To boost organic farming products to achieve the target, the Commerce Ministry has signed a memorandum of understanding with German firm NurnbergMesses Co Ltd, an organiser of BIOFACH, to select Thailand as the host for Organic Expo-BIOFACH Southeast Asia and Natural Expo Southeast Asia on July 12-15, 2018, she said.
