Issue 63
Revenue generated from the 59th Bangkok Gems and Jewelry Fair (BGJF 59) held by the DITP in February is predicted to exceed those of the preceding year.
“The DITP expects that the value of sales generated at the event will be over US$487 million (17 billion baht) while the event in September 2016 generated total sales of US$475 million (16.69 billion baht,” Commerce Minister Apiradi Tantraporn said.
DITP General-Director Malee Choklumlerd added that the event was proving increasingly popular with overseas exhibitors. “The number of foreign exhibitors was 18% higher than the previous fair. It also attracted more than 23,000 visitors from around the world.”
Thailand is the world 10th largest gems and jewelry producer and exporter. It generated US$6.97 billion (243.9 billion baht) worth of gems and jewelry exports excluding gold from January to December 2016.
The Commerce Minister said shipments of Thai gems and jewelry excluding gold are forecast to rise 5% this year to US$7.32 billion (256.6 billion baht).
About 730 companies from countries around the world participated at the fair (occupying over 2,000 booths), which was held at Challenger Halls, Impact Muang Thong Thani, Bangkok from February 22 to 26.
Issue 63
Thailand is targetting export growth of 5% this year, deputy Prime Minister Somkid Jatusripitak said after the meeting with the Thai commercial attaches at the Commerce Ministry on February 20.
“This is driven by the economic recovery of our key trade partners and the higher price of agricultural products,” Jatusripitak added.
He also announced target export growth for particular markets – a 3.2% increase to the US, 3% to EU countries, 4% to China and Japan, 5% to ASEAN countries, 2% to the Middle East region, and 2.5% to Africa.
Issue 62
The Ministry of Commerce has appointed Trade Representatives for Russia and Kazakhstan to help boost exports and investment in the two nations, DITP director general Malee Choklumlerd said on December 29, 2016.
Ivan Nadein, the Trade Representative for the Russian city of Vladivostok, is an experienced business person with expertise in logistics, while Aigul Sultanova, an expert in business matching and event organising is responsible for the Kazakhstan market.
For more information about business opportunities in Vladivostok and Kazakhstan, please send an email to the DITP’s Moscow office at 该Email地址已收到反垃圾邮件插件保护。要显示它您需要在浏览器中启用JavaScript。 or contact Ivan at 该Email地址已收到反垃圾邮件插件保护。要显示它您需要在浏览器中启用JavaScript。 or Sultanova at 该Email地址已收到反垃圾邮件插件保护。要显示它您需要在浏览器中启用JavaScript。
Issue 62
Commerce Minister Apiradi Tantraporn attended the World Economic Forum 2017, held at Davos, Switzerland from January 17 to 20.
“I met with executives from international firms and invited them to invest in Thailand as the country is attempting to foster new industries,” Tantraporn said of the forum.
Tantraporn held discussions with Grow Asia executive director Grahame Dixie about possible cooperation on improving Thailand’s agricultural sector and developing innovative agricultural products.
Issue 62
Australia’s ban on imports of uncooked prawns will not affect Thai exporters as most exports to the antipodean nation are of cooked or processed prawns, Commerce Minister Apiradi Tantraporn said on January 13.
DITP’s office in Sydney reported that Australia has announced the suspension of imports of uncooked prawn, uncooked prawn meat and uncooked prawn meat marinated for six months, as from January 9.
“The Ministry will closely monitor this situation. Although Australia is not the biggest market for Thai prawn exports, it is a high-value market with strict quality standards. The ability to export products to this market will boost confidence of Thai prawn exports to the global market,” Tantraporn said.
Thailand exported processed prawns worth US$31 million to Australia in the first 11 months of 2016, up 15% on the previous year. Australia is the fifth largest market for Thai prawns after the US, Japan, Vietnam and Canada.
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