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| The Ministry of Commerce projections for 2002
are that Thailand's exports will reach a total value of US$
69.000 billion, which would represent an increase of 5.5 percent
over the year 2001. The government's export promotion strategy,
and close collaboration between the public and private sectors,
is expected to be the main driving force behind this increase,
along with improving economic conditions in the major markets,
namely the United States and European Union, predicted to recover
growth momentum by the second half of 2002. Thailand's increasing
export performance in newer markets such as China and India,
both of them having enormous potential for Thai exporters, is
also going to be an important factor in overall export performance. |
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China is the primary focus of this strategy,
as its WTO membership will have a great impact on the Thai
economy both as having China as a trading partner and a competitor.
With WTO membership, it is feasible that China can take a
large part of Thailand's share from other export markets,
so Thai manufacturers and exporters need to improve their
quality and competitiveness. Conversely, China itself, with
a 1.3 billion population, represents a vast market now that
its regulations for importing goods and services have been
relaxed under the WTO terms. This is beneficial to Thai exporters
who now have more channels for exporting their goods and services
to China, especially in sectors such as agricultural products,
construction services, restaurants, education, and hospitals.
The DEP has implemented a policy to strengthen
trading relationships with Thailand's neighboring countries,
based on generating benefits for both sides by expanding international
trading through promoting the account trade, as well as supporting
trading through "gateway" countries that have more
flexibility in the import-export business with surrounding
countries.
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During 2002, the Ministry of Commerce is preparing
to appoint 19 Honorary Trade Advisors to Ministry of Commerce
(HTA) within those countries where there is no Office of Foreign
Trade Promotion. The HTAs will act as advisors and promoters
for Thai trading and business. They will be selected from
personnel living in these countries, and will hold their position
for three years at a time. The first HTAs to be appointed
will be in South Africa, Madagascar, Namibia, India, Japan,
the United States, Ukraine, Iran, the Philippines, France,
United Arab Emirates, Oman, and various countries in the Caribbean.
Another strategy for promoting exports in 2002
is to place emphasis on those industrial sectors that utilize
a high proportion of raw materials to be found in Thailand,
and those that are manpower intensive. Statistics reveal that
there are 22 major categories of exported goods and products
that in total account for US$ 51 billion, representing 74
percent of the grand total export value. These groups generate
US$ 22.488 billion in currency circulation, and employ 24.15
million people. The first priority amongst them is the food
processing industry, 90 percent of whose raw materials come
from within the country. By promoting this sector, the agricultural
and fisheries sectors will also directly benefit.
Amongst the service sectors, the DEP is supporting
sectors such as construction services, restaurants, and education
and hospitals to expand their businesses outside the country.
Thai service sector entrepreneurs are recognized as having
great potential overseas, and this initial promotion will
lay the foundations for a greater market in services for Thailand
in the future.
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