Sunday, July 25, 2021

business

Commerce Minister upbeat over export growth this year


Commerce Minister Jurin Laksanawisit said in the latest episode of THAN TALK, broadcast on Nation TV on Monday, that Thailand’s export market has shown signs of revival in the first quarter. He put this down to two factors – improvement in the global economy and management of the sector by his ministry.

Global demand for Thai food products has improved not just because the global economy is recovering but also because more people are working from home, he said.

In addition, converting agencies into “provincial salesmen” has also helped add more local products to the export market, Jurin added.

The Thai export market hit its lowest point at -23 per cent in June last year but rose to -17 per cent, -11 per cent and -7 per cent in the subsequent three months, before entering the positive territory in December.

This year, exports hit 8.47 per cent in March and 13.09 per cent in April.

“Though export figures last year were negative, things are getting better this year. The Commerce Ministry has set a growth target of 4 per cent in total export this year. The export sector is now the hope and key driver of the economy during the pandemic. We have to wait until tourists start returning, so the economy can be revitalized,” Jurin added.

Published : May 24, 2021

By : The Nation