International trade promotion department makes plans to boost Thai exports in 2021
The Department of International Trade Promotion (DITP) has outlined plans to boost export next year with a focus on online trade promotion activities, the department’s director general Somdet Susomboon said.
It will arrange an online business match-making every week or 22 activities in the first half of 2021, focusing on products in the categories of health care, auto parts, spa, furniture and jewellery. In the second quarter, it plans to cover the categories of mothers and children, pet food, food and beverage, rubber and medical devices.
DITP will also bring Thai exporters to international expositions ranging from Tokyo International Gift Show to Gulfood in the Middle East, and will also join with foreign department stores and importers to promote Thai products.
In addition, DITP plans to promote the promote the export of palm oil to India in a bid to cash in on India’s reduction of import tariff on crude palm oil to 27.5 per cent from 37.5 per cent to cater to domestic consumption.
India is among the world’s largest importers of palm oil, accounting for US$3.22 billion worth of palm oil import between January and September this year, up 31.61 per cent year on year. Indonesia provided 69.61 per cent of the palm oil in India, followed by 24.53 per cent from Malaysia, 3.72 per cent from Singapore and 1.93 per cent worth $62.17 million from Thailand. Palm oil export from Thailand to India fell 28.64 per cent from the same period last year.
Somdet believes the reduction in import tariff in India should offer Thai exporters an opportunity to enter the country.
