Thailand’s Ministry of Commerce plans to cooperate with the private sector to promote trade in 16 countries to boost export growth in 2020, according to a local official.
Thailand’s exports in January-October 2019 reduced 2.4 percent year-on-year to 207.32 billion USD, while imports declined 4.1 percent to 199 billion USD. (Illustrative image. Source: thainews.prd)
Bangkok (VNA) – Thailand’s Ministryof Commerce plans to cooperate with the private sector to promote trade in 16countries to boost export growth in 2020, according to a local official.
After talks with commerce officials on December9, Thai Deputy Prime Minister cum Commerce Minister Jurin Laksanawisit revealedthat trade destinations targeted for 2020 include India, Japan, South Africa,Sri Lanka, Hong Kong, China, Vietnam, France, the UK, the Middle East, Russia,Australia, New Zealand, the Republic of Korea, Bangladesh, the Maldives,Cambodia and Timor Leste.
Local media reported that Jurin has orderedcommerce officials and directors of Thai trade centers in 58 offices worldwideto seek opportunities to start new regional trade and cooperation agreementswith states in India and Chinese provinces.
Thailand’s exports in January-October 2019reduced 2.4 percent year-on-year to 207.32 billion USD, while imports declined4.1 percent to 199 billion USD./.
Vietnam-Thailand trade is likely to hit 20 billion USD in 2020, but the target to keep the trade value in balance may not be met with Vietnam currently running huge trade deficit with the neighbouring country.
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Thailand’s exports in January-October 2019 reduced 2.4 percent year-on-year to 207.32 billion USD, while imports declined 4.1 percent to 199 billion USD. (Illustrative image. Source: thainews.prd) 
