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'!J!J1tmaanll.l LLIil:ii~mn.l'r::'rh~£jflL~a'1.1 'll"l,uuYi 458 flmud ~1il::elfla"l1.lLVIil8 lI1'I.ILm1" n"!::d~m1.3m1l-1nnlillllm~\I LWtJ" 400 fl81'llill~fitl~'\.I'I.'\.ID 2557 ~")\ll!.J LLIil:fi.:,L~LL'1~nfl~'\.I1";r'fuL~"t'Yi<iil'\.ll.l.a vmfllii LVle;~'\.Iqilmt!.J '1~ti'mrn.llffi.n'1 tlQLL!n if~ UlJuI1iLfla'\.lfi.fl. 2554 Lil\lfi'l.ll-ii ~lillntJ~1!.JL~'\.IltJLLlt1 675,000 1\'1'\.ItIlYl 'I.unlTfu«tJifnlfltJfl703"!lnm\l' ~~lft 1.l'1::~il'll1f1'1"J\1ll.h"11137,ooO ei'1'I.I1J1n'l.'\.I q~Lm:;lJ~n 2554/2555 "!1nn11fiff~'II1tJih1 lJ1'l.i'fm~L~!.J17fia lJan1l \lamlnIl1fl ri~atlnum Lf1~"!lYltJ\J5:iLL'1,,;ruLI'l~tl\l;! ~YI"!7" lfltmmilll>11Lnl!!9l-rli1'lfl~'Iil") "!I: "il'I.";Ln~mnh-1!.Jlfi LLIil:nn'l.f..i,wtl!.J I'l03 'IJt\I.,...yjn1'1e1.wrwi"!:'WL~~1'\.1'!h-3L1lill YiLLlI11i13JLfI~R"!iJ~11t\l-I\lEl~ i a11In~1Uicl3JU"; n"~VI"1~"'1tU'nj 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 $18 billion . In local currency, exports saw a year on-year drop of3.68% to 3.92 trillion baht. "We foresee the export activities in the fourth quarter expanding in line with seasonal purchases and partially thanks to recent trade visits by the prime minister," said Mr Niwatthamrong. "However, the baht appreciation may be an area of concern." P.ayungsak Chartsuti~ chairman of . the Federation of Thai ustries (Fl1), agreed that exports Will recover in the foUrth quarter. severat industries such as plastics, elec tronic parts and cosmetics remain on a continued course for strong growth this year, he said. The FI1 expects exports growth of 3-4% for the full year. COMMERCE MINISTRY WIU MEU WITH RElEVAtfr PARTIES BEFORESLASHIH61TS FORECAST New figure to be halved from 70/0 . . 3-40/0 A" ft1un.:J1U'!3Ju,ii THE NATION n~::'VI~"N"1N'Yjfj 121 SEPTEMBER 2013 R~'FtlJI~'.i'.'."""·'.'.i~.· . •. .I.• <;;; . .•. EijJQrten;~dlmpor1E$atike'l!iayepvrcl1aSed~.;·· ·~temUmberOfne. . 'amldthe'vo\Cltifex') 'batt-Qolt(lH~x¢hange' .. HalitlkUtaqarq',>': 'tieadof,capitahna.. '.' ~nUmberdfhedgi 15-1.(}peT!,tentearlythisi ~~~&f .. ikortlba~:;, rose:by'; .•.... dWI1ih ·Y~flu,rt;.':·\ .~ n~~\'I~'J~'W1 tucyjeJ ~ 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.
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