People browse jewellery at a Bangkok Gems and Jewelry Fair.
High-value industrial products with few imported raw materials such as rubber products, canned and processed seafood, gems and jewellery are expected to be the hardest hit as the baht strengthens, according to the planning unit of the Commerce Ministry.
Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office (TPSO), said the baht accelerated quickly to 32-33 per US dollar, compared with 35-36 baht per dollar in December last year.
He said although the extent of the impact of the baht’s appreciation on export performance is not on par with the effect of a weak global economy and economic slowdown in key trading partners, a strong baht directly…
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