Thailand Accelerates Registration of GI Products in 4 Countries BANGKOK (NNT) – Thailand is speeding up registration of geographical indication (GI) products in 4 countries, to prevent foreign vendors from claiming that they make the products and to helpincrease Thai exports during the pandemic. Department of Intellectual Property deputy director-general Prayoth Benyasut said applications for…
Export target likely to exceed 4% after Q1 bump The Commerce Ministry plans to upgrade its export growth forecast to more than 4% after Thai export value in March recorded 8.47% growth, driven by intensive economic stimulus policies in trading countries, worldwide vaccinations and higher crude oil prices. Thai exports were above US$20 billion for…
Promising Growth for 2021 – A look into the Chinese Economy and Thailand’s Resilient Exports to China The year 2020 has been a turbulent year for the entire world and Thailand has not been spared the wrath of the economic malaise that the pandemic has brought. Amid all the negative news there seems to be…
Thai Exports to grow 4% in 2021 Contributing factors include the recovering world economy and the International Monetary Fund’s (IMF) estimate that the world economy will expand 5.2 percent in 2021 from a contraction of 4.4% this year. BANGKOK (NNT) – The Department of International Trade Promotion (DITP) forecasts that exports in 2021 will gradually return…
EXIM Bank forecasts Thai exports growth as high as 4 per cent in 2021 EXIM Thailand President said that the Bank has forecasted Thai export growth of as high as 4% in 2021 attributable to a short-term recovery of global trade and economy from a low base of -10%. Such growth may not be so…
Thai exports figures rise in January Whilst there’s been plenty of economic challenges around for Thailand, including the high Thai baht and a levelling out of tourist arrivals, exports for January 2020 unexpectedly rose according to ministry figures. It’s the first rise in six months, and an increase of 3.35% from the exports 12 months…
Thai Exports fell for fifth straight month, down 2.65% in 2019 Thai Exports fell for the fifth straight month in December, resulting in a full-year contraction of 2.65% in 2019 Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunset, logistic import export and transport industry background…
Thai exports down 4.5% in October Thai Exports dropped by 4.5% year-on-year in October to US$20.8 billion, bringing the contraction in first 10 months of 2019 to 2.35% Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunset, logistic import export and transport industry backgroundBANGKOK (NNT) –…
EIC Export growth forecast for 2019 is maintained at -2.5% Without a clear signal of export recovery, EIC views that during the 4th quarter of 2019 the export contraction momentum will continue Although China and the US reached a preliminary trade agreement on October 10-11, 2019, the ongoing trade war should still drag on, pressuring…
Thai Labour minister calls meeting after U.S. GSP cut The Minister of Labour has called an urgent meeting to address the labour concerns cited by the U.S. as a factor in the decision to revoke trade preferences. BANGKOK (NNT) – The decision by the U.S. to suspend Generalized System of Preferences (GSP) treatment to Thailand,…