BANGKOK, 12 January 2015 (NNT) - The overall situation of Thai exports in 2015 is expected to expand by 3.1% or 234,745 million USD compared to 2014 thanks to the world's economic recovery trend.
According to Ath Pisalvanich, Director of the International Trade Studies Centre at the University of the Thai Chamber of Commerce, the export situation of Thailand is expected to remain slightly better than 2014. However, the future is still not so rosy bright due to the market shrink of Thai exports to Europe, Japan and China.
Mr.Ath says America is expected to be the top client of Thailand’s exports in 2015 while orders from European market are likely to plunge to only -0.3% or 21,280 million USD which might be the first major shrink in three years’ time, resulted from the dismissal of Thailand from the list of countries with GSP benefits by the European Union and the strength of Thai baht from January 2014 until the present time.
Though the American market seems to remain a good opportunity for Thai exports, European and Japanese markets remain sluggish for three to four years in a row, after the disqualification of Thailand from the EU list of countries with GSP previleges. The dismissal from the list, effective since 1st January 2015 follows the World Bank’s upgrade of Thailand’s status as an upper to middle income country for three consecutive years. As a consequence, Thai exporters must bear higher costs for their products.
However, Thailand hopes its exports to ASEAN market will expand by 4.5% in 2015 especially in Cambodia, Laos, Myanmar and Vietnam thanks to the high economic growth prospects in those countries in 2015. A similar trend is expected for Thai exports to India whose economy is predicted to rise 6.4% in 2015 from 5.6% in 2014 owing to the government’s economic policy to reduce trade and investment barriers. Meanwhile, the Chinese market remains stagnant in the wake of China’s decreased economic expansion and economic structural reform. - See more at: http://thainews.prd.go.th/CenterWeb/NewsEN/NewsDetail?NT01_NewsID=WNFOR5801130010001#sthash.qwJl7SHG.dpuf
BANGKOK, 12 January 2015 (NNT) - The overall situation of Thai exports in 2015 is expected to expand by 3.1% or 234,745 million USD compared to 2014 thanks to the world's economic recovery trend.According to Ath Pisalvanich, Director of the International Trade Studies Centre at the University of the Thai Chamber of Commerce, the export situation of Thailand is expected to remain slightly better than 2014. However, the future is still not so rosy bright due to the market shrink of Thai exports to Europe, Japan and China. Mr.Ath says America is expected to be the top client of Thailand’s exports in 2015 while orders from European market are likely to plunge to only -0.3% or 21,280 million USD which might be the first major shrink in three years’ time, resulted from the dismissal of Thailand from the list of countries with GSP benefits by the European Union and the strength of Thai baht from January 2014 until the present time.Though the American market seems to remain a good opportunity for Thai exports, European and Japanese markets remain sluggish for three to four years in a row, after the disqualification of Thailand from the EU list of countries with GSP previleges. The dismissal from the list, effective since 1st January 2015 follows the World Bank’s upgrade of Thailand’s status as an upper to middle income country for three consecutive years. As a consequence, Thai exporters must bear higher costs for their products. อย่างไรก็ตาม ไทยหวังว่า การส่งออกไปยังตลาดอาเซียนจะขยาย 4.5% ใน 2015 ในกัมพูชา ลาว พม่า และเวียดนามโดยเฉพาะ ด้วยแนวโน้มการเติบโตทางเศรษฐกิจสูงในประเทศเหล่านั้นใน 2015 คาดว่าแนวโน้มที่คล้ายกันสำหรับการส่งออกของไทยไปอินเดียเศรษฐกิจคาดว่า จะเพิ่มขึ้น 6.4% ใน 2015 จาก 5.6% ในปี 2557 เนื่องจากนโยบายเศรษฐกิจของรัฐบาลเพื่อลดอุปสรรคทางการค้าและการลงทุน ในขณะเดียวกัน ตลาดจีนยังคงนิ่งในการปลุกของการขยายตัวทางเศรษฐกิจลดลงและการปฏิรูปโครงสร้างทางเศรษฐกิจของจีน -ดูเพิ่มเติมได้ที่: http://thainews.prd.go.th/CenterWeb/NewsEN/NewsDetail?NT01_NewsID=WNFOR5801130010001#sthash.qwJl7SHG.dpuf
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