Post by account_disabled on Feb 28, 2024 10:02:18 GMT
"Commerce" assesses export recovery in 2021, expected to grow 4%, supported by the economy. World trade is improving The Department of International Trade Promotion (DITP) estimates that Thai exports in 2021 will recover gradually, expected to grow 4% after economic signs. World trade is improving Supported by vaccines Stimulating the economy of many countries, US policy adhering to WTO rules, including the integration of RCEP that will help increase trade value and COVID-19 related products are still growing well, but still need to keep an eye on the lockdown. Container shortage and strong baht Mr. Somdet Susomboon, Director-General of the Department of International Trade Promotion (DITP), Ministry of Commerce, revealed that the Department has assessed the direction of Thai exports in 2021 that they will return to expand gradually. It is expected that the growth rate will be 4%, which is in line with many government and private sector agencies.
There are supporting factors from the global economic recovery. The International Portugal Phone Number Monetary Fund (IMF) expects that in 2021 the global economy will have an expansion rate of 5.2% from negative 4.4% in 2020, with developing countries in the Emerging Markets group in Asia (China, India and 5 ASEAN countries) will It has the fastest recovery compared to other regions. And the World Trade Organization (WTO) expects that world trade in 2021 will be able to return to expansion at 7.2%, which are all factors that will support Thai exports to recover. There are also other factors. That helps support exports, including the invention and initiation of COVID-19 vaccination. This creates more confidence in the epidemic situation and the current economic situation. As a result, the demand sector tends to expand, along with measures to stimulate the economy in many countries. causing the overall world economy to improve gradually Including starting to receive more orders from trading partners, o_1eqom5hol11kaf9h1tsahss579h Mr. Somdet Susomboon, Director-General of the Department of International Trade Promotion (DITP), at the same time, exports also benefited from the policy direction of the United States.
which is Thailand's number 1 trading partner, with the new president of the United States (Mr. Joe Biden) having a policy of emphasizing greater adherence to international trade rules under the WTO framework and the success of the negotiations for the Regional Economic Partnership Agreement ( RCEP) will have a positive impact on the expansion of trade in the ASEAN region. and outside the ASEAN region, another 5 countries (China, Japan, South Korea, Australia and New Zealand) will help the ASEAN and Thai economies recover faster next year. In addition, export products related to COVID-19 especially food products Hygiene products and products for entertainment in residences and working from home continue to expand. Because there is a new outbreak of COVID-19 in many countries, including digital content and health services. while the logistics system no interruption And trading partners are confident in Thai products that are sterile due to measures to control the epidemic well. However, there is a risk factor to be aware of: a shortage of shipping containers.
There are supporting factors from the global economic recovery. The International Portugal Phone Number Monetary Fund (IMF) expects that in 2021 the global economy will have an expansion rate of 5.2% from negative 4.4% in 2020, with developing countries in the Emerging Markets group in Asia (China, India and 5 ASEAN countries) will It has the fastest recovery compared to other regions. And the World Trade Organization (WTO) expects that world trade in 2021 will be able to return to expansion at 7.2%, which are all factors that will support Thai exports to recover. There are also other factors. That helps support exports, including the invention and initiation of COVID-19 vaccination. This creates more confidence in the epidemic situation and the current economic situation. As a result, the demand sector tends to expand, along with measures to stimulate the economy in many countries. causing the overall world economy to improve gradually Including starting to receive more orders from trading partners, o_1eqom5hol11kaf9h1tsahss579h Mr. Somdet Susomboon, Director-General of the Department of International Trade Promotion (DITP), at the same time, exports also benefited from the policy direction of the United States.
which is Thailand's number 1 trading partner, with the new president of the United States (Mr. Joe Biden) having a policy of emphasizing greater adherence to international trade rules under the WTO framework and the success of the negotiations for the Regional Economic Partnership Agreement ( RCEP) will have a positive impact on the expansion of trade in the ASEAN region. and outside the ASEAN region, another 5 countries (China, Japan, South Korea, Australia and New Zealand) will help the ASEAN and Thai economies recover faster next year. In addition, export products related to COVID-19 especially food products Hygiene products and products for entertainment in residences and working from home continue to expand. Because there is a new outbreak of COVID-19 in many countries, including digital content and health services. while the logistics system no interruption And trading partners are confident in Thai products that are sterile due to measures to control the epidemic well. However, there is a risk factor to be aware of: a shortage of shipping containers.