Thai exports set for surge amid favourable market conditions and expansion plans

With predictions of a rebounding global economy, Thai exports are expected to witness a surge in the second half of the year, according to the nation’s Commerce Ministry.

Keerati Rushchano, the permanent commerce secretary, revealed that the current competitive baht exchange rate coupled with planned market expansion initiatives could significantly boost trade. The regions targeted for market expansion include Yunnan province and Nanning City in China, with a particular inclination towards food and fruit exports.

In view of identifying potential new markets, Rushchano indicated that the ministry’s focus is shifting towards the Commonwealth of Independent States and neighbouring nations. A pause in interest rate increases by the US Federal Reserve is considered a positive market shift that could ease pressure on consumer spending and…