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NEW UPDATES Asean Affairs   6 May 2014  



Thailand ready to be production hub for electric appliances

Thailand is ready to become the production hub for electrical appliances following the upcoming launch of the ASEAN Economic Community (AEC) and improved signs of exports to US and Japanese markets.
 
Nantawan Sakultanak, director-general of the International Trade Promotion Department, said the value of electric appliances exports reached over US$6 billion. She believed the sector's export this year will reach its target of a five-per cent expansion.

She said the export trend for electric appliances this year should adjust positively compared to last year, as the world's economy this year expanded higher than last year, while US and Japanese markets have started to pick up with better purchasing power and Asian economies have seen signs of improvements.

Thailand has set a goal of electric appliances exports this year at US$24.1 billion or a 5 per cent expansion. In Q1, the country could see a growth of 4.9 per cent export in the business worth US$5.8 billion.

Items to be exported more in June and July this year are television sets and digital television sets due to the upcoming World Cup tournament next month. The market share for Japan, US and China together account for 35 per cent, while markets with high growth potential are the United Arab Emirates, Singapore, Vietnam and South Korea.

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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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