InfoQuest (June 9, 2022) - Mr. Chaichan Charoensuk, Chairman of the Thai National Shippers' Council (TNSC) announced that TNSC raised its forecast for Thailand's export growth for the year to 5-8 percent from a previous 5 percent.
Thai government agencies will work with private enterprises to hold a seminar on June 23 and develope a white paper as a guide to action, to boost exports in the second half of the year.
Amid the food and energy crises lie opportunities. As much information as possible must be gathered and analyzed so that the right decision can be made at the right time. In the first four months, Thailand saw a 5 percent growth in exports.
Given the major export restrictions such as rising consumer prices across the globe and a rise in global inflation, TNSC put forward the following suggestions:
1) Maintain the exchange rate below 33.50-34.50 baht/USD; 2) stabilize domestic fuel price at a reasonable range; 3) lower the import cost and simplify import conditions and procedures for scarce commodities and necessities; 4) lower energy cost.
Source: InfoQuest, by Tanawat Suayaem/Rachada Kongkhunthian, translated by Xinhua Silk Road
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