FTI seeks urgent measures to support Thai industries hit by export slump

FTI chief Kriengkrai Thiennukul said businesses need urgent support because many have cut down working hours to prevent closure.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has said it is evaluating strategies to provide quick assistance to industrial groups affected by the slowdown in exports. These groups include steel, roofing and equipment, furniture, machinery and metal, textiles, footwear, jewellery and accessories, glass and ceramics.

The JSCCIB projects 0% to minus-1% growth in exports this year due mainly to the global economic slowdown and the Russia-Ukraine conflict, which has had an impact on global purchasing power.

Exports to Thailand’s regular trading partners like the European Union, the US and Asian nations have been declining for eight consecutive months as of May. This decline has adversely affected many industries, leading to…