Thailand looks to achieve export growth of 3-4 percent in 2022 (Photo: NNT)
Bangkok (VNA) - The Commerce Ministry of Thailand has set next year’s exportgrowth target at 3-4 percent, slightly lower than projections by privateorganisations.
This ministry cited a spateof persistent risk factors such as prolonged COVID-19 outbreaks, stiffermeasures for public health and the environment, and a shortage of labour andsemiconductors, local media reported.
The growth target from thisyear’s estimated 268.3 billion USD (up 16 percent from 2020) is based on awarning by the Organisation for Economic Cooperation and Development (OECD)that a renewed wave of the pandemic threatens to add to the existing pressureon the world economy, Commerce Minister Jurin Laksanawisit said on December 27.
Henoted that next year's export growth will be driven largely by the economicrecovery of Thailand's important trading partners, a favourable exchange rateat 32-33 THB per USD, rising Dubai crude oil and agricultural product prices,as well as an increase in container production.
Another booster is the implementationof the Regional Comprehensive Economic Partnership (RCEP) early next year, hesaid, adding that cross-border trade is also expected to see continued stronggrowth of 5-7 percent in 2022, with exports from Thailand estimated at 1.07-1.08 trillion THB.
Meanwhile, Chairman of the Thai Chamber of Commerce Sanan Angubolkul, asthe representative of the Joint Standing Committee on Commerce, Industries andBanking (JSCCIB), said the committee has forecast an export growth rate of 3-5 percent for 2022, slightly higher than the commerce ministry's predictionmainly because of the Thai baht's depreciation and the cooperation between thegovernment and the private sector./.
The Thai government is targeting economic growth of up to 4.2 percent under its medium-term fiscal policy framework for 2023-26, and plans to maintain a budget deficit to help the fragile economy.
Energy Minister of Thailand Supattanapong Punmeechaow is urging officials to speed up the capital spending of 300 billion THB (some 8.9 billion USD) to help restore the COVID-19-ravaged economy.
The Thai government is planning a fiscal 2023 budget worth 3.185 trillion THB (about 95 billion USD), with a deficit of 695 billion THB for the fiscal year, which starts in October 2022.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Thailand looks to achieve export growth of 3-4 percent in 2022 (Photo: NNT) 
