Ministry sets target of B1.2tn in cross-border trade in 2024

The Commerce Ministry set an ambitious goal to increase cross-border trade value to 1.2 trillion baht in the upcoming year, representing 20% growth from an estimated 1 trillion this year.

According to Deputy Commerce Minister Napintorn Srisunpang, who was tasked with overseeing the Business Development Department, Trade Negotiations Department and Foreign Trade Department, the ministry plans to meet the target by pushing various community products, geographical indication products and franchises.

The ministry will also organise exhibitions and business-matching events, inviting officials from neighbouring countries and foreign trade associations to discuss ways to reduce trade barriers, said Mr Napintorn.

“All relevant government departments are working on a collective plan on border trade promotion. Border trade promotion activities are slated to…