BANGKOK, Sept. 23 (Xinhua) -- Thai commerce minister said Monday Thailand must speed up its exports given disappointing growth at only 1 percent in the first eight months of this year, Thai News Agency reported.
Deputy Prime Minister and Commerce Minister Niwatthamrong Boonsongpaisarn said Monday that the ministry predicted failure to achieve the projected 7-7.5 percent growth for the entire year.
The minister on Monday chaired a workshop with Thai commercial attaches assigned to 62 countries and the private sector to find out urgent measures to push up Thailand's exports in the remaining quarter and review this year's export projection.
Exports in August expanded by 4 percent but at an average of only 1 percent since January.
He said a conclusion on readjustment of export projections and measures to increase exports should be made by the end of October, foreseeing positive export expansion in Q4.
There are many overseas orders in Q4, but Thailand will have to penetrate new markets and push for exports in every sector including agricultural produce and industrial manufacturing, he said.
Concentration must be given to the Asian market and border trade, he said.
Exports to China have declined, he admitted, but said that the total value was rather high, the minister said.