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Thailand's exports forecast to grow 4 percent

Thai exports in 2015 are projected 4 percent of growth by the country's commercial ministry, a significant improvement after a consecutive two year period of negative expansion.
Thai exports in 2015 are projected 4 percent of growth by the country'scommercial ministry, a significant improvement after a consecutive twoyear period of negative expansion.

The projection is relied onthe EU's Quantitative Easing (QE) policy in favour of Thailand exportgrowth, said Nanthana Sakuntanak, Director-General of the ministry’sDepartment of International Trade Promotion.

She added the EU'smonetary stimulus might help shore its economy and increase demand forThai goods despite the baht strengthening against the euro, making Thaiimports more expensive.

It is expected that Thai exports to theEU will grow by 3 percent which correlates with the growth in PurchaseOrder Index for January 2015, she said

To continue promoting theexport sector, the Commercial Ministry of Thailand also focus on otheractivities in ASEAN and in emerging economies.

Cross-border tradebetween Thailand and four neighbours, last year, grew by 6.85 percentto 987.57 billion THB. Exports were up 5.26 percent to 589.66 billionTHB, while imports rose 9.3 percent to 397.9 billion THB.

Cross-border trade accounts for 69 percent of the total trading value with the four neighbouring nations of this country.-VNA
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