Thailand eyes expansion of exports to Asean nations
VIENTIANE (Vientiane Times/ANN) - Thailand is looking to expand its exports by selling electrical and electronic products to Asean countries, especially Laos.
The export value of electrical equipment from January to May this year stood at 326,934 million baht, an increase of 0.92 percent compared to the same period last year, the Electrical, Electronics, Telecommunications and Allied Industry Club (EETIC) told Lao and Vietnamese media in Thailand last week.
The export value of electronics products hit 444,216 million baht, a drop of 9.93 percent compared to the same period last year.
The major markets for electrical equipment are Japan, USA, Vietnam, China, India, Malaysia, Australia, and Indonesia, while the main market for electronic products is the USA, China, Japan, Malaysia, the Netherlands, Singapore and Germany.
The current trade war has resulted in a drop in the export value of electrical and electronic products to China, Japan, South Korea, Vietnam, Singapore and Germany.
To increase the export of electrical and electronic products, the EETIC in cooperation with the relevant sectors is planning to develop the electrical and electronics industry into a smart industry and to help boost cooperation with Asean countries for market expansion.
The EETIC believes that the Bangkok Heating, Ventilation and Air-conditioning (RHVAC) and Electrical and Electronic E&E fair-2019, to be held at the Bangkok International Trade and Exhibition Centre (BITEC), Bangna, from September 25-28, will help to promote Thailand as a hub of trade expositions for air-conditioning, refrigeration and electrical appliances at the global level.
Thailand is the world’s second biggest producer of air-conditioning units and the fourth-largest of refrigerators.
The fair will provide participants with many benefits and offer great chances to promote their products, expand their markets and meet potential buyers from all over the world during trade days as well as to promote their products to end-users and local consumers on other days.
It is expected that there will be about 1,000 booths set up by domestic buyers and professionals from the industry on trade days, and 1,500 visitors on public days.
The fair will be a one-of-a-kind opportunity to meet face-to-face with leading manufacturers and producers from around the globe.