Thai high-value sectors to boost economy, exports in 2024 says FTI

The Federation of Thai Industries (FTI) forecasted that the country’s high-value sectors such as agriculture, food, automotive, and bio-, circular and green (BCG) manufacturing will bolster the economy and exports in the coming year. The BCG initiative, launched as a national agenda in 2021, aligns with global environmental campaigns, encouraging manufacturers to adopt environmentally friendly technologies.

Kriengkrai Thiennukul, FTI chairman, predicts a surge in demand for products from these sectors.

“We anticipate the export sector will capitalise on this trend, given the widespread use of many products from these industries in everyday life.”

The Joint Standing Committee on Commerce, Industry and Banking projected a GDP growth of 2.8-3.3% for the coming year. The export sector is estimated to expand by 2-3%, with an inflation rate of…