Saturday, February 23, 2008

Commerce minister sees Thai exports rising to 12.5% in 2008

BANGKOK, Feb 23 (TNA) – Despite a trade deficit in January, the first in 18 months, Commerce Minister Mingkwan Saengsuwan is optimistic that Thailand's exports this year will grow as much as 10.5 to 12.5 per cent over 2007.
Mr. Mingkwan, also deputy prime minister, said Thailand last month exported goods worth about US$13.96 billion, up 33.3 per cent year-on-year, while imports totaled US$14.61 billion, an increase of 49.1 per cent from a year ago.
January's trade deficit was attributed to a payment amounting to US$239 million for Airbus aircraft and on oil drilling platform by energy giant PTT Pcl. amounting US$532 million, he said.
However, Mr. Mingkwan said he was confident that exports this year should grow between 10.5-12.5 per cent, or some US$165-169 billion compared to a trade surplus of about US$12.47 billion in 2007.
The commerce minister said he would meet next week with Thai commercial attaches posted around the world.
Thailand will find ways to further penetrate Chinese, Indian and African markets, and to encourage local exporters to ship more goods to countries which have signed free trade agreements with the Kingdom in order to achieve export goals. (TNA)-E111
Business News : Last Update : 12:23:35 23 February 2008 (GMT+7:00)
Ongoing volatility for Thai stocks; baht stronger against dollarThailand earns surplus on agro exports to Australia7% VAT for 2 more years; farm debts on hold 3 yearsCommerce minister sees Thai exports rising to 12.5% in 2008Japanese, Indian investors ready to re-invest in ThailandGovernment warned not to intervene in pricesPut capital market development on national agenda: SET

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