Post by account_disabled on Dec 27, 2023 5:42:25 GMT -5
EXIM BANK promotes policy on the occasion of its 26th anniversary, continuing to side with international export and investment businesses to develop Thailand's sustainable competitiveness By collaborating with government and private sector partners to find new business opportunities along with expanding financial services. Information and training and cultivating Thai exporters and investors to adapt to economic, political, social, and environmental imbalances. By relieving short-term effects Along with promoting the import of machinery and technology to improve products to add value. Alleviate the appreciation of the baht Push for Thailand's export sector to not shrink in 2020, Mr. Phisit Seriwiwattana, Managing Director The Export-Import Bank of Thailand (EXIM BANK) gave a press conference to the media on the occasion of EXIM BANK's 26th anniversary of operations at EXIM BANK Head Office on February 17, 2020 that 2020 is the year of global rebalancing. To reduce "risks" in many dimensions that affect the economies of countries around the world, including Thailand, consisting of: 1.
Economic dimension, especially the trade war that originates from the trade imbalance between the United States and the United States. with China for a long time until the United States Increase import taxes on products from China. Meanwhile, China responded by increasing tariffs on imported goods from the United States. It continues to put pressure on the world and Thailand's trade atmosphere this year. Global currency fluctuations Email Marketing List caused by global liquidity glut and monetary policy reversal. and commodity prices especially oil It is at a low level due to the imbalance between oil demand and supply. This causes the prices of many products that move in the same direction as oil prices to remain at a low level. 2. Political and social dimensions Conflicts in many countries affect business operations. purchasing power of the people and the overall world economy 3.
Environmental dimension both natural disasters and epidemics It affects economic activities including trade and investment that are interconnected around the world. Meanwhile, Thailand, which has a small, open economy, relies heavily on foreign markets. Not having high bargaining power Facing an unsustainable current account surplus due to structural imbalances in the international trade sector The value of Thai exports is driven by quantity rather than price. Because Thai products have not a high added value. Meanwhile, Thailand imports goods for consumption at a much higher rate than imports of machinery and technology for investment. Put pressure on the baht to strengthen Thai exporters therefore have lower income in baht terms and lose their competitive advantage. Compared to competitors from other countries
Economic dimension, especially the trade war that originates from the trade imbalance between the United States and the United States. with China for a long time until the United States Increase import taxes on products from China. Meanwhile, China responded by increasing tariffs on imported goods from the United States. It continues to put pressure on the world and Thailand's trade atmosphere this year. Global currency fluctuations Email Marketing List caused by global liquidity glut and monetary policy reversal. and commodity prices especially oil It is at a low level due to the imbalance between oil demand and supply. This causes the prices of many products that move in the same direction as oil prices to remain at a low level. 2. Political and social dimensions Conflicts in many countries affect business operations. purchasing power of the people and the overall world economy 3.
Environmental dimension both natural disasters and epidemics It affects economic activities including trade and investment that are interconnected around the world. Meanwhile, Thailand, which has a small, open economy, relies heavily on foreign markets. Not having high bargaining power Facing an unsustainable current account surplus due to structural imbalances in the international trade sector The value of Thai exports is driven by quantity rather than price. Because Thai products have not a high added value. Meanwhile, Thailand imports goods for consumption at a much higher rate than imports of machinery and technology for investment. Put pressure on the baht to strengthen Thai exporters therefore have lower income in baht terms and lose their competitive advantage. Compared to competitors from other countries