(Photo by Apichart Jinakul)Thai shippers Tuesday raised their export growth forecast to 8% this year from an earlier 6% projection, buoyed by the economic recovery of both traditional trading partners and potential new markets. According to Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers' Council (TNSC), Thailand has done well in diversifying export destinations, reducing its dependence on particular markets. The government's commitment to promote e-commerce development should also increase export opportunities and distribution channels for Thai products. "The group of exporters is feeling quite positive about the country's overall export prospects, with export growth momentum expected to continue until the end of this year after the first quarter's robust growth," Ms Ghanyapad said. Despite the strong baht's challenge, the ministry is targeting export growth of 8% this year after a 9.9% rise last year.

Source: Bangkok Post May 09, 2018 01:05 UTC