Thailand’s commerce ministry aims for 20% cross-border trade boost

The Commerce Ministry of Thailand has an ambitious vision for the upcoming year – pushing cross-border trade value to 1.2 trillion baht, marking a 20% increase from this year’s estimated 1 trillion baht.

Deputy Commerce Minister Napintorn Srisunpang, the overseer of the Business Development Department, Trade Negotiations Department and Foreign Trade Department, disclosed the ministry’s strategy to achieve this. They plan to promote various community products, geographical indication products, and franchises.

Napintorn stated the ministry will also host exhibitions and business-matching events, creating a platform for officials from neighbouring nations and foreign trade associations to discuss trade barrier reduction strategies.

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