According to a Commerce Ministry source, Thai commercial counsellors and trade ministers from overseas offices who met yesterday have set an export target of 3% growth next year. They are committed to stimulating export growth in key markets, such as 1% growth for Europe, 3% growth for East Asia including China, 2% increase for Hong Kong, a 3% increase for Taiwan, 1% growth for Japan and 2.9% growth for the US. They have set export growth of 3.3% for the Middle East, 2% for South Asia, 2.5% for Asean and 5% for Australia. "We expect the global economy to slightly recover in the year to come," said Mr Sarun. Based on this year's performance and given the current poor global economic conditions, the 3% growth target in 2017 would be difficult to meet.

Source: Bangkok Post September 07, 2016 23:37 UTC