World

Thailand’s export growth forecast at 8 - 9 percent in 2018

The Thai National Shippers’ Council has forecast export growth this year at between 8 and 9 percent, after June exports grew in almost every market and there was a smaller-than-expected impact from recent trade barriers.
Thailand’s export growth forecast at 8 - 9 percent in 2018 ảnh 1Rice sacks at a factory in Bangkok, Thailand (Photo: AFP/VNA)

Bangkok (NNT/VNA) - The ThaiNational Shippers’ Council (TNSC) has forecast export growth this year atbetween 8 and 9 percent, after June exports grew in almost every market andthere was a smaller-than-expected impact from recent trade barriers.

Exports in June extended a 16-month growth streak to over 21.7 billion USD, an8.2 percent increase from the same month last year. Growth was reported inalmost all markets, including Europe, Japan, China, India, the CLMV cluster ofneighbouring countries and the US market, which saw record expansion. The onlyexception was the Middle East, where exports reported a third month ofcontraction due to political unrest.

Nonetheless, the TNSC advised that riskfactors include US trade barriers, exchange rate volatility, conflicts in theMiddle East that could send oil prices higher, as well as the current price slumpin certain agricultural products, such as rubber.

The council suggests that Thailand seekalternatives to markets affected by the current trade dispute, leveragebenefits under existing free trade agreements and seek new partnerships. Italso called for greater use of local currencies for trading, in order to reducedependency on the US dollar.-NNT/VNA
VNA
#Thai National Shippers’ Council#Thailand’s export growth#Thailand's exports#US trade barriers#updated Vietnam news#Vietnamplus#Vietnam News Agency
Follow VietnamPlus

Related News

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.