ID :
197451
Wed, 07/27/2011 - 07:11
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http://m.oananews.org//node/197451
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Thailand's export growth likely to reach 20% in 2011
BANGKOK, July 27 (TNA) - Thailand's export growth is likely to reach 20 per cent this year, thanks to high demand for more popular Thai products with increasingly international recognition for their high quality.
The updated projection, made on Tuesday by Pilan Panichsuphaphol, chief of the Thai Department of Export Promotion's strategic trade office, was based on the fact that Thai exports had surged to 114 billion US dollars in the first half of this year alone.
Earlier, the Thai Ministry of Commerce's Department of Export Promotion targeted a 15 per cent year-on-year growth of Thai exports this year, saying that to achieve the benchmarked level, Thailand needs to secure its total export value of 224 billion US dollars by the end of this year.
According to the senior official, Thai exports are expected to further grow by 17 per cent and 15 per cent in the third and last quarters of this year, following their 28 per cent and 20 per cent expansion in the first and second quarters of this year, which will probably result in the country's overall export growth of up to 20 per cent year-on-year eventually in 2011.
The senior Thai Commerce Ministry official cautioned, however, that Thai exports in the second half of this year could be affected by impacts from uncontrollable external factors, namely the current debt crisis in Europe, political violence in the oil-rich Middle East and a probably renewed world oil price surge, saying that his department has prepared measures to relieve the negative impacts on the local export sector. (TNA)
The updated projection, made on Tuesday by Pilan Panichsuphaphol, chief of the Thai Department of Export Promotion's strategic trade office, was based on the fact that Thai exports had surged to 114 billion US dollars in the first half of this year alone.
Earlier, the Thai Ministry of Commerce's Department of Export Promotion targeted a 15 per cent year-on-year growth of Thai exports this year, saying that to achieve the benchmarked level, Thailand needs to secure its total export value of 224 billion US dollars by the end of this year.
According to the senior official, Thai exports are expected to further grow by 17 per cent and 15 per cent in the third and last quarters of this year, following their 28 per cent and 20 per cent expansion in the first and second quarters of this year, which will probably result in the country's overall export growth of up to 20 per cent year-on-year eventually in 2011.
The senior Thai Commerce Ministry official cautioned, however, that Thai exports in the second half of this year could be affected by impacts from uncontrollable external factors, namely the current debt crisis in Europe, political violence in the oil-rich Middle East and a probably renewed world oil price surge, saying that his department has prepared measures to relieve the negative impacts on the local export sector. (TNA)
