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Commerce Ministry sets 4 clear strategies to boost export market

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Commerce Ministry sets 4 clear strategies to boost export market

By THE NATION

 

800_6a749ec27800d2b.jpg?v=1571310357

Somdej Susomboon

 

The Commerce Ministry has come up with four strategies to boost export next year, including plans to expand existing major markets, namely the US, European Union, Japan, China and Asean.

 

Somdej Susomboon, acting director-general of the Commerce Ministry's Department of International Trade Promotion, said the second strategy is to seek new markets such as South Asia, Latin America, Africa and the Middle East. 

 

The third strategy is to revive existing markets, such as the export of rice to Iraq and establishing a stronger market for Thai products in Bahrain.

 

The fourth strategy is to boost border and cross-border trade as well as boost e-commerce. 

 

The ministry plans to hold more than 50 export-related events from this month until December, including a fair to promote Thai products at match-making events.

 

It will also promote the use of Thai rice in Japan’s processing industry as well as promoting riceberry rice in EU and Russia.

 

Source: https://www.nationthailand.com/business/30377498

 

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-- © Copyright The Nation Thailand 2019-10-18

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50 events? There is only 50 days left until December. 1 event every single day? Ya Right.

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Thailand needs to address the strength of the Baht, then the exports will increase, due to the strong Baht it makes everything expensive and not competitive... 

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The simply just don`t get it... Do they??? Are they "slow"? THB is to STRONG.... Halllo????

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2 hours ago, Soikhaonoiken said:

Thailand needs to address the strength of the Baht, then the exports will increase, due to the strong Baht it makes everything expensive and not competitive... 

The strength of the Baht is not up for 'addressing'. Those at the top who are really in charge of the country don't want the Baht to drop, as it's obviously in their interest to keep it where it is - sod the rest of the country.

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What meaningless drivel!

1 'expand existing major markets, namely the US, European Union, Japan, China and Asean.' How?

2 'to seek new markets such as South Asia, Latin America, Africa and the Middle East. ' Seek away, there'll be few takers.

3 'The third strategy is to revive existing markets,' they've gone elsewhere to save money.

4 'The fourth strategy is to boost border and cross-border trade as well as boost e-commerce.'  Only if the price is right.

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39 minutes ago, mikebell said:

What meaningless drivel!

1 'expand existing major markets, namely the US, European Union, Japan, China and Asean.' How?

2 'to seek new markets such as South Asia, Latin America, Africa and the Middle East. ' Seek away, there'll be few takers.

3 'The third strategy is to revive existing markets,' they've gone elsewhere to save money.

4 'The fourth strategy is to boost border and cross-border trade as well as boost e-commerce.'  Only if the price is right.

The market strategy is sound and all in the scope of Thammanat's portfolio. He will be relying on a few old contacts. 

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6 hours ago, webfact said:

Commerce Ministry sets 4 clear strategies to boost export market

1: Email to PM... drop the value of the Baht
2: Facebook text to PM... drop the value of the Baht

3: Twitter text to PM: drop the value of the Baht

4: if no reply, re-send above.

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There is no mention of the UK in this list of potential export markets. Doesn't Thailand realise that the UK is desperate?

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5 hours ago, mikebell said:

What meaningless drivel!

1 'expand existing major markets, namely the US, European Union, Japan, China and Asean.' How?

2 'to seek new markets such as South Asia, Latin America, Africa and the Middle East. ' Seek away, there'll be few takers.

3 'The third strategy is to revive existing markets,' they've gone elsewhere to save money.

4 'The fourth strategy is to boost border and cross-border trade as well as boost e-commerce.'  Only if the price is right.

Yep. A child could come up with this concept. It's how to implement the strategy that's more relevant and that's totally absent in the report.

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Get off the ChiCom hot money inflows—watch the Baht drop, and your economy recovers.  Simple.

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I think they need to introduce another a high budget stimulus package!

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