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Thailand’s global trade force called to summit on export woes 

Aug 05. 2019
Banjongjit Angsusing/Photo by The Nation
Banjongjit Angsusing/Photo by The Nation
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By The Nation

The Commerce Ministry’s International Trade Promotion Department will meet the directors of its offices around the world later this month to discuss likely impacts from the US-China trade war.

Banjongjit Angsusing, the department’s director-general, said on Monday the directors will be bringing foreign buyers to attend the logistics show “Tilog – Logistix2019” in Bangkok from August 28-30. 

It’s a prime opportunity to discuss with them adjustments to Thailand’s export strategy for the second half of the year, she said.

“Several research centres have revised down predictions for the country’s exports this year, but the department maintains that exports will grow by three per cent. Now we have to explain to our directors around the world how to find new markets to boost export growth,” she said.

Banjongjit noted that Washington plans to apply a 10 per cent import tax to $300 billion worth of products from China starting on September 1 and there will be a significant impact on Thai exporters.

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