Thai Textile Industry: Calling On The Government To "Intervene" To Open Up Overseas Markets

Because of the sharp decline in European exports and the serious labour crisis, Thailand

Manufacturing enterprises have appealed to the government to lower tariff barriers, promote their export to new target markets and support their investment in other countries.

Following the convening of the conference on textile and clothing exporters, Sa Quinn Tanner Shah, director general of Thailand International Trade Promotion Agency (NuntawanSakuntanaga), said that because of the sharp decline in Thailand's textile and clothing exports in the first half of this year, exporters desperately needed the government's help to establish a favorable trade environment conducive to export.

Thailand's textiles and clothing sector relies heavily on the US, European and Japanese markets, but the economies of these regions are experiencing a prolonged recovery.

In the first half of this year, Thailand textiles and

It fell to $3 billion 590 million, down 15.3% from a year ago.

Sa Quinn Tanner Shah said that Thailand textile and garment enterprises asked the government to make a plan to promote their overseas investment, because they found it difficult to expand their business in the domestic market.

Enterprises hope that the government will provide tax incentives according to the investment committee's proposal to help local enterprises invest in neighboring countries. At the same time, when they bring funds back to Thailand, they will be allowed to reduce or exemption from corporate income tax.

The company also appealed to the Ministry of Commerce to support the establishment of the Thailand fashion design center, increase the added value of Thailand clothing, and provide innovative designs for Thailand products.

The representatives of the textile and garment industry asked the government to help them strengthen trade promotion activities, including ASEAN, Eastern Europe, the Middle East and Latin America, and other emerging markets with strong economic growth in recent years.

They also urged the government to provide comprehensive market demand information for all target countries, allowing exporters to plan their marketing strategies to better compete with other industries in other countries.

Thailand Garment Manufacturers Association (TGMA) is expected to be affected by the economic crisis in the euro area this year, Thailand textiles and

Exports may drop by 12%~15%.