BANGKOK (NNT) – Although the COVID-19 outbreak has continuously aggravated countries everywhere, US economic stimulus measures and the rapid distribution of vaccine worldwide, have improved the economic outlook of major trading partners. Thailand’s exports in March totaled more than 750 billion baht, up 8.47 percent year-on-year. The figures were a record high for Thailand.
Mr Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce, said if oil, gold and military supplies were excluded, Thai exports in March would have grown as much as 12 percent thanks to the global economic recovery, cooperation between the public and private sectors of Thailand on driving exports, which lead to timely solutions to problems including a shortage of containers, export problems along the border, misunderstandings of partner countries and adjustment of the trade negotiation pattern.
The Ministry of Commerce has introduced a number of marketing innovations in the New Normal era. They include opening trade negotiations with foreign partners in a pattern of “Hybrid Virtual Trade Exhibition” or at a business matching event so that exports this year can reach a target growth of four percent. Exports are considered the main engine driving the economy as the tourism sector continues to be affected by a new wave of the COVID-19 pandemic.