Saturday, March 06, 2021

Thailand hopes for 4% growth in US exports this year: DITP

Jan 22. 2021
Department of International Trade Promotion (DITP) director-general Somdet Susomboon
Department of International Trade Promotion (DITP) director-general Somdet Susomboon
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By The Nation

Thailand is targeting a 4 per cent growth in exports to the US this year, Department of International Trade Promotion (DITP) director-general Somdet Susomboon said.

Products with good growth potential include supplementary food, medical products and goods that can be used to work from home.

He added that US President Joe Biden’s trade policy is to not just lower dependence on foreign goods and strengthen domestic industries, but also to lure companies to bring their manufacturing facilities back to the US.

Thailand should closely monitor Biden’s fiscal and monetary policies, which will have an impact on the baht, he said.

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