Thai industries call for new govt to revitalise flagging exports

The Federation of Thai Industries (FTI) declared the urgent need for Thailand to form a new government and establish fresh policies aimed at tackling lacklustre export performance. Data revealed a 7.4% decline to US$28 billion in the nation’s exports to its largest market, the Association of Southeast Asian Nations (ASEAN), during the period running from January to May.

The FTI’s Vice-Chairman, Montri Mahaplerkpong, has shared the concerns mounting in the business sphere about the developing situation. As the representatives of industry appeal to the imminent government to identify and cultivate new export opportunities with prospects of amplified demand for Thai goods, Montri expressed the potential negative implications of the present state of affairs on the manufacturing sector and economic expansion.

“ASEAN corresponds to 24%…