ASEAN KEY DESTINATIONS
Thai exports rise
However, the export value for some goods dropped below the base index of 100 set in 2007. For example, the index for frozen seafood was 93.18, shoes 84.42, furniture 84.76 and steel 97.20. The export volume index of some goods was also lower than the 100base index. For frozen shrimp, the export volume index stood at 87.77, frozen seafood 73.12, machinery 94.66 and petroleum 74.17.
Industries that reported higher export value and volume were chicken, rice, sugar, vegetables, jewelery, plastic, paper, electronic and electric products, auto parts, chemicals and construction materials.
He said the export sector in April showed positive signs after exporters were able to adjust prices to remain competitive despite rising costs, while the agricultural sector had produced positive yields.
He predicted that exports would expand 15 percent this year, saying the main problems of the sector were labour shortages and congestion at the ports.
Exporters faced losses from congestion problems at Bangkok port during the long weekends in April and May. The problems had raised their logistics costs, he said.
He said the new government should determine a more comprehensive trade policy and come up with a clear trade strategy to prepare Thailand to enter the era of the Asean Economic Community in 2015. He said it should promote overseas investment by Thai businesses and waive corporate tax when they brought revenue back to Thailand.
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