2010 export expected to grow 10-15%

BANGKOK, 13 November 2009 (NNT) – The public and private sectors are working on strategies to develop high potential products in order to push for an export growth of 10-15% next year.

Export Promotion Department Director-General Srirat Rastapana stated that her department and the Thai Chamber of Commerce had drafted strategies to develop many kinds of goods with high potential to help Thailand become production and export hubs. The products and services include textile, food, spa, and entertainment businesses. The strategies can be implemented next year onwards.

In addition, Ms Srirat said the private sector had an initiative to make Thailand leader of the women-led businesses as women currently played a more important role in businesses such as in India.

Thai Chamber of Commerce Chairperson Dusit Nontanakorn said the export target set by the Ministry of Commerce next year was not far-fetched. He reasoned that the export trend in the last quarter this year had shown signs of recovery in many industries.

Meanwhile, TCC Vice Chairperson Pongsak Assakul elaborated that Thailand had potential to become a regional hub in textile and garment. He said Thai entrepreneurs used high production technologies and therefore would be capable of exporting their products worldwide more.