Thai Govt Urges SMEs to Leverage FTAs for Cost Reduction and Export Advantage
The Thai government is urging Small and Medium-sized Enterprises (SMEs) to leverage Free Trade Agreements (FTAs) to enhance their export competitiveness. In the first half of 2024, FTA utilization reached 1.57 trillion baht, a 7.33% increase year-on-year. The government plans to further promote utilization by improving information dissemination and simplifying procedures, while also preparing businesses for the upcoming Thailand-EFTA FTA, expected to take effect in early 2025.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Thai Baht Outlook Tied to US Midterms and Global Economic Signals
The Thai baht is expected to trade between 33.30 and 34.00 against the US dollar in the first week of November, influenced by the US midterm elections, Middle East tensions, and foreign investment flows. The Bank of Thailand's decision to hold rates steady offers support, but global monetary tightening prospects pose headwinds.
- Thailand's Manufacturing Sector Shows Momentum Amidst Labor and Capacity Constraints
Thailand's manufacturing sector saw increased activity in October, with the PMI rising to 54.8, driven by stronger new orders and production. However, a growing backlog of unfinished orders and workforce constraints are limiting capacity. While this signals improving business conditions crucial for employment, exports, and investment, these challenges may hinder manufacturers from fully capitalizing on demand.
- Thailand's SET Signs MOU with NYSE to Enhance Capital Raising Opportunities
The Stock Exchange of Thailand (SET) has signed an MOU with the New York Stock Exchange (NYSE) to expand capital raising opportunities for listed Thai companies and enhance investment access for foreign investors in Thailand. This move coincides with the rapid growth of digital payments across ASEAN.
- Four Points by Sheraton Expands to Krabi with New Resort Amidst Andaman Coast Beauty
Four Points by Sheraton has opened a new resort in Krabi, Thailand, leveraging the rich natural beauty and tourism resources of the Andaman coast to contribute to the local economy.