ID :
184921
Fri, 05/27/2011 - 15:20
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Shortlink :
http://m.oananews.org//node/184921
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Thai private sector happy with growing exports
BANGKOK, May 27 (TNA) - Thai private business operators said on Friday that they were satisfied with the country's exports last month, which kept growing although they raised their product prices.
Paiboon Polsuwanna, Chairman of Thailand's National Shippers’ Council, acknowledged his council and Chulalongkorn University's Faculty of Economics had found in a joint assessment recently that the value of Thai exports grew by about 10 per cent in April this year, especially in 14 items of products, including rice, sugar, vegetables and food, thanks to the increased product prices to meet rising costs in several local industries.
Paiboon, therefore, projected that the Thai government's target on a 15 per cent export growth on average this year should be achieved despite the export value of many categories of Thai products, namely frozen seafood, shoes and furniture, being now lower than that of 2008.
Paiboon admitted, however, that fluctuating foreign exchange rates have continued to pose problems and remained risk factors to the Thai export sector, in addition to signs of labor shortages in the country and congestion at the Bangkok Port, which has prompted ship owners to impose a surcharge of 50 US dollars for a 20-foot container and 100 US dollars for a 40-foot container.
The chief of the National Shippers’ Council urged the new Thai government to solve the problems, integrate trade and foreign policies of ministries and issue clear trade strategies to ensure Thai business operators’ competitiveness whilst the ASEAN Economic Community (AEC) is established over the next four years.
The National Shippers’ Council chief also proposed that the new Thai administration, after the July 3 general election, offer attractive incentives to local business operators who invest overseas, namely a waiver of income tax, when they bring revenues back to the country. (TNA)
Paiboon Polsuwanna, Chairman of Thailand's National Shippers’ Council, acknowledged his council and Chulalongkorn University's Faculty of Economics had found in a joint assessment recently that the value of Thai exports grew by about 10 per cent in April this year, especially in 14 items of products, including rice, sugar, vegetables and food, thanks to the increased product prices to meet rising costs in several local industries.
Paiboon, therefore, projected that the Thai government's target on a 15 per cent export growth on average this year should be achieved despite the export value of many categories of Thai products, namely frozen seafood, shoes and furniture, being now lower than that of 2008.
Paiboon admitted, however, that fluctuating foreign exchange rates have continued to pose problems and remained risk factors to the Thai export sector, in addition to signs of labor shortages in the country and congestion at the Bangkok Port, which has prompted ship owners to impose a surcharge of 50 US dollars for a 20-foot container and 100 US dollars for a 40-foot container.
The chief of the National Shippers’ Council urged the new Thai government to solve the problems, integrate trade and foreign policies of ministries and issue clear trade strategies to ensure Thai business operators’ competitiveness whilst the ASEAN Economic Community (AEC) is established over the next four years.
The National Shippers’ Council chief also proposed that the new Thai administration, after the July 3 general election, offer attractive incentives to local business operators who invest overseas, namely a waiver of income tax, when they bring revenues back to the country. (TNA)
