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42.THE NATION
- Export growth likely to end up at just 4 per cent this year,
govt admits
43.BANGKOK POST
- Full-year forecast soon to be lowered
44.THE NATION
- DUTIES CUT ON SHRIMP EXPORTS
4S.THE NATION
- Second-round talks focus on R&D, medicine sector
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ill
THE NATION
SEPTEMBER 2013
Export growth IM;19.iJpatiU5t·
, ... cent this year, p! admits
.
.
. PEltHANETPRATRUANGKRAI
TIlE NATION
INTHEFACEoftheglobaLeconomic
slowdown, the government yesterday
admit!:ed that Thai eXflortswould
increase bY'only 4percent this year;
shaJply down fromthe Qfficial target of
7"\7.5 percent..
.
The new unofficial target confirms
··thatThailand's·ecmiomicgrowth will
de~elerate,as consumer spendingis
aownand govem~tinvestmentpro­
'gr:ammeshave notk~~ffyet ..
.' A.recentpollfound that abouthalf of
Thais:aretightenir1!~thejrbelts agaInst .
the toughertimes ahead.The gavf!l1'l"\
ment'sBt350-bIUion investmentplan
forwaterand flbodmanagemeiTthas
been stalled, While the 2D14budgetcan­
.
.
notbe disbur.sed:nextmonthas
planned; . ". .> .. ' ..... .,.
..,
Deputy f'lime Minister KiftirattNa- .
Ranong yesterday also expreSsed(on:­
cems overtheimpa,ctofthedelays.jn the
budgetandthe:Btt-trillion,.prqgramme.
to improvetrahsportinflastructure.
Theoppositionpla.nst9challenge
. theronstltutionalityofthe:BtHriltion
borrowlng.bill aswell,as.itne:flScalbudg~ '.
et.Economlsts' ... ,"
first
. proje
mentsch
nextyearJ.». .. ,.•... '" ...••.....'
. Afterameetingio BangkQ~Withthe .
Thai traderepresentati\iesffPm-62;over:­
seas.pqsts,Comr;neltezMinlstef:,>i .
NiwatthumrOl1813°ORsongpalsan said· . Ihal.ShlpmentSwouldundenlablymlss
the grbwthtarget of7"75percentthis
".
.
.
lREtBf[POU.FOUND THAIAllOUTHALFQF
11ElHIIPOPlIA11OI·ISTI6II1'EIIii;THBR
'88.1'$> _ _ _ TOU6IIERtI&.AltEAb..
.
.. -
-
.
,
.
.
yearbecause ~the w()rldeq,nomlc dol­
e t months onThursday. .
drums..
...•.. . . . . .
,
humrongsaidtrade.globaUy
.HbwevelittielTlhaistt"Y hasnot yet
was s[owlngdoWll.sCHnevitably'Thai
'officiatlyldwerecUhetafgetforthis year. exports would alsd,be affected How­
ItWilt.nextQloothdistussthe matter
ever, themini5tryWillmoperatewlth the
With exporters,aridshouldcome up with private sactortopromoteexports
aclearer~ort.;growthfigure. .
.aggresslvetYlnthetest otthe year.
.'". The.nilnlstryhasreported thatjni~
-Expormin the fourth Quartershould
tlalesttmates showthat shipments in recover andexpandrapidly to serve the
thefirsh!iightmonths picked up only 1 festive season. The ministry will lead
per cen(yearon year. Exports in
many trade missionstohelp Thai
August alOOe
. by 4 percentyear
exporters penetrate each target
on year. It is s eduled to disclose
market, focusing on those that have
Customs' export figures far the first
been impacted only slightly from the
year. Concerns remain that the US
economic slowdown," he said..
. Federal Reserve might taperitsquantF
The ministeradmitted that the
export slowdown would brake the econ­ .' tative-easing programme in the remain­
omy's expansion. However. It has not
ingmonths ofthe year. .
The Commerce Ministry is also wor­
crimped employment, as many indu~­
tries still need to hire more workers amid riea abOUt currency fluctUations, as
volatility would make It dl·fficult for
the labour shortage.
exportersto quote prices and plan for .
The International Monetary Fund
long-term production.
lowered itsforecast for the world's eco­
nomic growth from 13 per cent in April
Despite the l-per-cent export growth
in the first eight months ofthis year,
to 3.1 per cent in July. Developed
economies would grow by 5 per cent this Payungsak Chartsutipol, chairman of
year, down from 5,3 per cent. China
the Federation of Thai Industries, said
would grow by 1.8 per cent instead of 8.1
exports In the fourth Quarter should
per cent. India by 5.6 per cent instead of
recover and show strongergrowth after
the baht's weakening.
5.8 per cent. Brazil by 2.5 percent instead of 3per cent and Asean by 5.6 Industries that are still performing
per cent instead of 5.9 per cent. well Include plastiCS, electronic parts and
The IMF expects the United States to cosmetics. Shipments this year should
recover slowly at only 1.7 per cent this
grow by 3-4 percent. he said.
.
4!L
fl1Un~11Ji.!3JUPl"i
BANGKOK POST
nCS~\'ICS"N"1N'tfa
121·
SEPTEMBER 2013 Full-year forecast
soon to be lowered POST REPORTERS.
The government has yet to cut its export
target forecast, asking for more discussions
with the private sector and relevant state
agencies before doing so possibly this
month.
Depu~Prime Minister and Commerce
MiiiiSter NJ.WatthairiIUng B~
yesterday adIriitted
counsexport
perlOrmance will likely be about halved
from the present 7% forecast to 3-4%.
However, he emphasised an official
forecast revision has yet to be made, as
the ministrywouldlike more consultations
with the private sector and the Industry
and Agriculture ministries before settling
on a new figure.
The minister yesterday chaired a meet­
ing with the directors of 62 Thai trade
centres worldwide to re-evaluate the export
trend for the rest of this year and 2014
and discuss how to boost exports and
raise service sector revenue in the remain­
ing months of 2013.
Mr NiWatthamrong said he ordered all
62 commercial diplomats worldwide to
submit their export strategies and plans
to him.
He also urged them to help promote
Thai products and push the export indus­
try, particularly in these final four months
of the year.
Mr Niwatthamrong still believes the
Thai economy will pick up in the second
the
half despite small EpCPartgrowth of only
1% year-on-year in the:first eight months.
Unofficial reports indicate the August
growth figure was 4%, although details
have not yet been disclosed.
What has been released officially shows
exports fell for a third month in a row in
July, by 1.48% year-on-year to US$19.1
billion, while imports rose by 1.08% to
$21.3 billion, fur a trade deficit of $2.2
billion.
In local currency terms, shipments
dropped by 3.41% to 584 billion baht
In the :first seven months, exports rose
by 0.6% year-on-year to $132 billion and
imports by 3.85% to $150 billion for a
trade Qeficit of $18 billion
.
In local currency, exports saw a year­
on-year drop of3.68% to 3.92 trillion baht.
"We foresee the export activities in the
fourth quarter expanding in line with
seasonal purchases and partially thanks
to recent trade visits by the prime minister,"
said Mr Niwatthamrong.
"However, the baht appreciation may
be an area of concern."
P.ayungsak Chartsuti~ chairman of .
the Federation of Thai
ustries (Fl1),
agreed that exports Will recover in the
foUrth quarter.
severat industries such as plastics, elec­
tronic parts and cosmetics remain on a
continued course for strong growth this
year, he said. The FI1 expects exports
growth of 3-4% for the full year.
COMMERCE MINISTRY WIU MEU WITH RElEVAtfr PARTIES BEFORESLASHIH61TS FORECAST
New figure to be halved from 70/0 . . 3-40/0
A"
ft1un.:J1U'!3Ju,ii
THE NATION
n~::'VI~"N"1N'Yjfj
121 SEPTEMBER 2013
R~'FtlJI~'.i'.'."""·'.'.i~.·
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~
THE NATION
SEPTEMBER 2013
THAI-EU FTA
Second-round talks focus on R&D, medicine sedor PHARMACEUTICAL ISSUE PRESSED AFTER ACTIVISTS~ PROTEST
PETCHANET PRATRUANGKRAI
2014.
THE NATION
Olarn Chaipravat, the leader of
Thadand's negotlatlOn team, SaId
cooperation In the pharmaceutical
industry was one ofthe most impor­
tant issues for the Thai side lastweek.
"The EU should help us develop
our pharmaceutical industry to pro­
duce quality medicines on a com­
mercial scale to ensure Thais' access
to medicines," he said.
The issue was pressed during the
talks after many activist groups,
mainly people living with the Aids
virus or other illnesses, raised con­
cerns that they would not be able to
access cheap medicine as the EU
would favour its own drug-patent
holders under the FTA.
Olarn said the FfA negotiations
THAILAND has proposed increased
cooperation in research anddevelop­
ment with the European Union, as
well as transfers oftechnology in the
pharmaceutical sector to help
improve the standards of the Thai
drug industry.
Thailand and the EU last week
ended the second round of talks in
Chiang Mai on a comprehensive free­
trade agreement (FTA). The two sides
plan to wrap up the talks covering
trade in goods, services and invest­
ment next year. The third round of
negotiations is scheduled to be held
in Brussels from December 9-13, and
there will be four more rounds in
could not deal with every issue indi­
vidually, but the agreement would
emphasise the overall benefit of the
Thai people. The government will also
Consider preventive and remedy
measures to help industries that
wouldbeimpactedbytheagreement.
The negotiations consist of 15
parts. Those are plenary or overall
negotiation, trade in goods, rules of
origin, customs and tradefacilitation,
sanitaryand phytosanitarymeasures,
technical barriers to trade, trade
remedies, trade in services, invest­
ment, public procurement, intellec­
tual-property rights, competition
policy, dispute settlement, sustain­
able development, and transparency
and general, institutional and final
provisions.