Ministry eyes export boost to Saudi Arabia

Thailand is eyeing a substantial increase in exports to Saudi Arabia, to be driven by agriculture, industry and the service sectors, says the Commerce Ministry.

Commerce Minister Jurin Laksana­wisit said yesterday the normalisation of diplomatic ties has opened the way to opportunities, adding the ministry has set a goal of 6.2% growth in exports to Saudi Arabia, up from last year’s export value of 51.5 billion baht.

The ministry’s analysis has identified three key export drivers. One is farm products, which have strong potential for entering the Saudi market including rice, chicken, fruit, fish and coffee, in addition to Halal foods. Industrial goods likewise are considered to have key export potential. These include cars and car accessories, air conditioners, refrigerators, electrical appliances and jewellery. The third key driver, the service industry,…