Pattaya Daily News

28 January 2011 :: 12:01:00 pm 49445

Exports Set To Continue Growing This Year

BANGKOK, Jan 28 – Thailand’s exports are expected to continue growing satisfactorily this year given the high demand for products in the global market and cooperation by state and private organisations to expand new markets, according to Thai National Shippers’ Council chairman Paiboon Ponsuwanna.
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He said Thailand’s exports are likely to expand at least 10 per cent in volume and 17 per cent in value with the public and private organisations playing a key role in accelerating the export growth.

To keep exports growing, he recommended that the private and public sectors must work together to better develop the logistics system.

In the past, the cooperation by both sectors in logistics development could help ease burdens of the transport system in many areas efficiently.

 

This year, the logistics development must be grouped and accelerated to reduce costs and enhance competences of Thai entrepreneurs.

In particular, preparation should be made for the market linkage as Thailand and other ASEAN members would jointly establish the ASEAN Economic Community.

Risk factors to the export growth that needs be monitored this year include natural disasters, fuel price volatilities, currency exchange fluctuations, and higher wages.

“This year, we believe freight will not fluctuate like 2010. Simultaneously, the logistics system development must be incorporated in the social and economic development plan,” he said.

Mr Paiboon forecast the exports would grow 12.9 per cent in volume and 18.1 per cent in value in the first quarter of this year, 9.4 per cent in volume and 15.1 per cent in value in the second quarter, 7.4 per cent in volume and 16.5 per cent in the third quarter, and 114 per cent in volume and 18.7 per cent in value in the fourth quarter.

In practice, he said, the government would have to encourage the private sector to invest overseas seriously through tax incentive measures. (MCOT online news)

Photo : Internet   Category : Thailand News

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