The Latest Breaking News from Phusit Ratanakul Sereroengrit

The Commerce Ministry projects the country's export sector to gradually recover in the latter part of the year as inflationary pressures and global supply chain issues align with energy price trends.

Thai exports are expected to contract in the first quarter, but they are likely to start recovering from the second quarter, according to the Commerce Ministry.

The Commerce Ministry will lead a trade mission to Saudi Arabia next month to strengthen business partnerships between Thailand and the Middle Eastern country, in a bid to grow Thai exports by 20%.

The Commerce Ministry and food exporters brushed aside reports that Walmart, the giant US retailer, is dropping a Thai coconut milk brand on allegations of forced monkey labour, insisting such practices are a relic of the past.

The Commerce Ministry is scheduled to organise export stimulus activities in Indian cities this year to raise export growth to the country to 8% this year worth US$9.21 billion.

The Commerce Ministry looks set to promote and upgrade hemp fibre in the Thai textile industry as it offers high potential in the global market under the popular bio-, circular and green economic model.

Thailand's gems and jewellery exports are expected to do brisk business this year, driven by the economic recovery in trading partners and relaxation of strict lockdown measures.

The Department of International Trade Promotion (DITP) along with the Thai Chamber of Commerce and Koelnmesse (KM) Germany have organised THAIFEX-ANUGA ASIA, the continent's most comprehensive international food and beverage trade show, with both a physical and virtual format next week.

The Commerce Ministry vows to continue supporting and promoting soft power development, especially through food, fruit, digital content, health and beauty as well products with a Thai identity or Thainess.