ID :
209446
Mon, 09/26/2011 - 13:26
Auther :
Shortlink :
http://m.oananews.org//node/209446
The shortlink copeid
Thai export growth should reach 22% in 2011: TNSC
BANGKOK, September 26 (TNA) - The Thai National Shippers' Council (TNSC) projected on Monday that the country's export growth could reach 22 per cent this year, cushioned by over 20 per cent year-on-year expansion in the first eight months.
TNSC Chairman Paiboon Polsuwanna acknowledged that Thai exports grew by 26 per cent year-on-year in the January-August 2011 period, with the country's exports in August alone expanding by 28 per cent year-on-year.
Paiboon said that five Thai products ranked on top of the TNSC's index for most shipment values include sugar, paper and printing materials, petroleum and other energy items, rubber and chemical substances, with the total value and amount of Thai sugar exports, in particular, soaring more than three folds and by 222 per cent respectively during the first eight months of 2011, due to a sunken sugar barge case in Brazil and the weakening US dollar.
However, the TNSC chief warned of impacts on Thai exports next year from the ongoing debt crisis in Europe and the United States, which could trigger a new round of the global economic crisis, at a probability of as high as 80 per cent now, urging the Thai government to find ways to discreetly protect the Thai export-oriented economy from the fresh threat and the Thai industrial sector to develop more innovative products and to boost its overall production capacity, from only some 60 per cent currently, to enhance the country's competitiveness.
Meanwhile, Teerana Pongmakhapat, Dean of Bangkok-based Chulalongkorn University's Faculty of Economics, forecast that the Thai economy should expand by less than 4 per cent year-on-year in 2012 due to the impacts from the world economic woes, suggesting local people to save move to get through the global economic difficulties, especially in case of any emergency. (TNA)
TNSC Chairman Paiboon Polsuwanna acknowledged that Thai exports grew by 26 per cent year-on-year in the January-August 2011 period, with the country's exports in August alone expanding by 28 per cent year-on-year.
Paiboon said that five Thai products ranked on top of the TNSC's index for most shipment values include sugar, paper and printing materials, petroleum and other energy items, rubber and chemical substances, with the total value and amount of Thai sugar exports, in particular, soaring more than three folds and by 222 per cent respectively during the first eight months of 2011, due to a sunken sugar barge case in Brazil and the weakening US dollar.
However, the TNSC chief warned of impacts on Thai exports next year from the ongoing debt crisis in Europe and the United States, which could trigger a new round of the global economic crisis, at a probability of as high as 80 per cent now, urging the Thai government to find ways to discreetly protect the Thai export-oriented economy from the fresh threat and the Thai industrial sector to develop more innovative products and to boost its overall production capacity, from only some 60 per cent currently, to enhance the country's competitiveness.
Meanwhile, Teerana Pongmakhapat, Dean of Bangkok-based Chulalongkorn University's Faculty of Economics, forecast that the Thai economy should expand by less than 4 per cent year-on-year in 2012 due to the impacts from the world economic woes, suggesting local people to save move to get through the global economic difficulties, especially in case of any emergency. (TNA)
