Issue 69

 The Ministry of Commerce (MoC) expects Thailand’s exports to grow by 5 to 6% in 2017, up from its original forecast of 5%. The country’s exports in the first seven months totalled US$130 billion, up 8.2% year-on-year, the highest growth in six years.

“In the last five months of this year, there are several positive factors supporting the country’s exports, including the recovering economies of the key trade partners, increasing global demand, and rising prices of agricultural and industrial products,” Pimchanok Vonkorpon, the Commerce Ministry’s Trade Policy and Strategy Office Director-General, said at a press conference on August 23.

“We will monitor other factors, including the movement of the baht, trade policies of major countries and interest rates to adjust our export promotion policies if needed.”