{Advertisements}

{Advertisements}

Author Topic: Thailand exporters advised to use USD  (Read 7402 times)

0 Members and 1 Guest are viewing this topic.

Offline Admin

  • Administrator
  • Gifte​d Poster
  • *
  • Posts: 5587
  • Gender: Female
  • Admin
    • www.buriramexpats.com
Thailand exporters advised to use USD
« on: July 13, 2010, 04:05:00 PM »
Thailand exporters advised to use USD 
: 13 Jul 2010
Exporters advised to use US dollar


BANGKOK, 13 July 2010 (NNT) –The Department of Export Promotion (DEP) has suggested that entrepreneurs use US dollar in their transaction instead of relying only on Euro currency amid concerns over the European public debt crisis.

DEP Director-General, Srirat Rastapana, has expressed her concerns over Thai exports to European markets due to the regional public debt problems and plummeting purchasing power. She said the national export target this year might not grow as much as expected by Prime Minister Abhisit Vejjajiva.

The Prime Minister has projected national export growth to be 18% this year, while the Ministry of Commerce set less ambitious target, at 14%. The DEP is compiling related data to propose to the Cabinet.

The private sector, however, has confirmed that export figures remain stable. Export expansion in Europe is still predicted at 10%, while exports to Europe account for 10-11% of the total national exports. Exports to other regions such as ASEAN, Africa, combining with cooperation among trade associations will certainly help boost the sector.

As the rate of exchange is of great concerns to exporters, SME in particular, Ms Srirat advised that entrepreneurs rely on US dollar as a medium of exchange instead of depending solely only on Euro currency.

The DEP is holding a seminar to educate exporters to have better understanding regarding risks incurred from foreign exchange rates on 21 July 2010 at Miracle Grand Hotel in Bangkok.

 

Search Option


Advanced Search
Recent Posts
Re: New Passport Photo by Rossco
November 08, 2024, 06:29:21 PM

Re: New Passport Photo by Gerry
November 07, 2024, 04:28:31 PM

New Passport Photo by Rossco
November 04, 2024, 10:08:09 AM

Re: Parking @ Chong Chom Border Crossing by andy
October 16, 2024, 05:16:23 PM

Re: Condo for sale by DeputyDavid
October 16, 2024, 04:21:33 PM

Sander 3 door fridge for sale by DeputyDavid
October 15, 2024, 12:32:29 PM

Re: Parking @ Chong Chom Border Crossing by Gerry
October 07, 2024, 05:09:11 PM

Parking @ Chong Chom Border Crossing by andy
October 06, 2024, 06:50:48 PM

Re: information on how to get a child a Thai ID card by Gerry
August 29, 2024, 02:33:22 PM

information on how to get a child a Thai ID card by Murtle_71
August 29, 2024, 07:11:47 AM

Todays Birthdays
Powered by EzPortal