Against the backdrop of slowing global manufacturing growth and geopolitical conflicts, Thailand** is taking proactive steps to maintain its position as a global export powerhouse. Thailand's exports are expected to grow by 1% to 2% in 2024, with total exports expected to be between $280 billion and $290 billion, according to a recent show from Thailand's Ministry of Commerce. As a key driver of Thailand's economic growth, the stability and growth of the export industry is crucial.
In order to achieve this growth target, Thailand** is strengthening its cooperation with the private sector and promoting a series of measures to boost exports. These include supporting small and medium-sized enterprises to upgrade their workforce, encouraging the adoption of digital technologies, and finding new international transport channels to reduce transport costs and improve logistics efficiency. These efforts are aimed at enhancing the competitiveness of Thai businesses in the global market, especially in manufacturing and technology applications.
As part of its export expansion strategy, the Ministry of Commerce plans to organize more than 400 export promotion events around the world. These activities will place special emphasis on promotion in secondary consumer export markets, with the aim of opening up new markets and strengthening Thailand's best ties with the rest of the world. Through these activities, Thailand hopes to attract more international buyers and partners, opening up new sales channels for Thai products and services.
In addition, Thailand is actively pursuing negotiations on the Freedom** Agreement (FTA) to further stimulate economic growth. According to the Thai Nation, the Ministry of Commerce's ** negotiating chamber said that five of the FTAs being advanced are aimed at improving relations with existing ** partners, while the other six seek to establish ** and investment ties with new partners. At present, Thailand has signed 14 free trade agreements with 18** partners. The goal of these FTAs is to lower barriers and increase the flow of goods and services, thereby promoting bilateral and even multilateral economic growth.
In addition to advancing free trade agreements, Thailand will also strengthen cooperation with chambers of commerce and industry groups to increase exports and drive economic expansion. By partnering with these organizations, the Ministry of Commerce hopes to better understand and meet the needs of businesses in terms of exports, while providing more opportunities for Thai businesses to access international markets.
Overall, Thailand** is making every effort to ensure that its export industry continues to grow in an uncertain global economic environment through a series of integrated strategies and measures, from improving the competitiveness of enterprises to promoting internationally**. By strengthening its ties with global markets and actively participating in international** agreements, Thailand has demonstrated its determination and ability as a major exporter.
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