Export growth goal revised up to 5% on key supports

The Commerce Ministry has revised up its export-growth target for this year from 3 per cent to 5 per cent, saying many positive factors could support this including higher global oil prices. After meeting with Thai trade officials from 64 overseas posts and representatives from private-sector organisations, Deputy Prime Minister Somkid Jatusripitak said the ministry should raise the growth target to 5 per cent, as the government will work more closely with the private sector on this matter. “Five per cent is a challenging target. But with recovering crop prices, higher oil prices, and strong economic growth of many trading partners, Thai exports should grow more stronger this year,” he said. He added that exports to all markets should grow more strongly than last year, but especially to countries with which Thailand has free-trade agreements or other strategic partnerships.

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