ASIA NEWS NETWORK

WE KNOW ASIA BETTER

» Business

Shippers council submits 5 proposals to junta to boost Thai exports

Publication Date : 31-05-2014

 

The Thai National Shippers Council (TNSC) has proposed five priorities to the National Council for Peace and Order in formulating the country's trading structure, and called for the NCPO to bolster the confidence of foreign traders in the country to ensure Thailand's capability to weather tough global competition.

The five proposals are to integrate the work of the Ministries of Industry and Commerce so that the manufacturing and trading sectors are better able to grow in accordance with market demand; amend laws and regulations to facilitate more trade growth; focus more on research and development; establish a national design centre for packaging; and support the development of human resources. .

TNSC chairman Nopporn Thepsithar said Yesterday that the trading sector had to be reformed to adjust to market liberalisation.

"Exporters highly expect that the NCPO will come up with strategies to support the manufacturing and trading sectors, and those five plans are urgently needed by the export sector,"he said.


He added that the TNSC would maintain its projection of a 3-per cent export growth this year. That is lower than the Commerce Ministry's recently revised growth projection of 3.5 per Cent.

The gloomy export Outlook is a result of a contraction in Thai shipments by 0.97 per cent year on year in the first four months of 2014. The TNSC also called on the NCPO to work closely with the private sector in boosting foreign traders' confidence in the country.

Vallop Vitanakorn, vice chairman of The TNSC, said most foreign investors were still confident in Thailand, despite the military  takeover. He said private enterprises would like to see an integration of the Industry and Commerce Ministries for improved efficiency.

Vallop  said Thailand's exports should show signs of recovery in the second quarter with a 1 to 2 per cent growth.


 

Mobile Apps Newsletters ANN on You Tube