World

Thailand works out four strategies to promote exports

Thailand’s Ministry of Commerce has come up with four strategies to boost exports in 2020, including plans to expand existing major markets such as ASEAN, the European Union, the US, Japan, and China.
Thailand works out four strategies to promote exports ảnh 1Somdej Susomboon, Acting Director-General of the Commerce Ministry's Department of International Trade Promotion (Source: https://forum.thaivisa.com)

Bangkok (VNA) – Thailand’s Ministry of Commerce has come up withfour strategies to boost exports in 2020, including plans to expand existingmajor markets such as ASEAN, the European Union, the US, Japan, and China.
 
Somdej Susomboon, ActingDirector-General of the Commerce Ministry's Department of International TradePromotion, said the second strategy is to seek new markets such as South Asia,Latin America, Africa and the Middle East. 

The third strategy will focus on reviving old markets, including the export ofrice to Iraq and establishing a stronger market for Thai products in Bahrain.

The fourth strategy aimsto boost cross-border trade as well as e-commerce. 

The ministry alsoplans to organize more than 50 export-related events from now until December.

It will also promotethe use of Thai rice in Japan’s processing industry as well as promoting Riceberryin the EU and Russia.

Thailand also intends to hold trade fairs to introduce its products within theAssociation of Southeast Asian Nations (ASEAN).

In the first eight months of 2019, Thailand’s export turnover reached 166 billion,down 2.2 percent year-on-year, while the country’s imports stood at 160 billionUSD, a yearly decrease of 3.6 percent./.
VNA
#Thailand#Ministry of Commerce#strategies#export market#ASEAN#export#cross-border trade#Vietnamplus#Vietnam News#Vietnam News Agency
Follow VietnamPlus

Related News

Thai government introduces new tourism measures

Thai government introduces new tourism measures

Thailand’s council of the economic ministers has approved in principle new measures proposed by the Ministry of Tourism and Sports to boost tourism in the short, medium and long terms.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.