Thailand’s exports in January-October 2019 reduced 2.4 percent year-on-year to 207.32 billion USD, while imports declined 4.1 percent to 199 billion USD. (Illustrative image. Source: thainews.prd) Bangkok (VNA) – Thailand’s Ministry of Commerce plans to cooperate with the private sector to promote trade in 16 countries to boost export growth in 2020, according to a local official. After talks with commerce officials on December 9, Thai Deputy Prime Minister cum Commerce Minister Jurin Laksanawisit revealed that trade destinations targeted for 2020 include India, Japan, South Africa, Sri Lanka, Hong Kong, China, Vietnam, France, the UK, the Middle East, Russia, Australia, New Zealand, the Republic of Korea, Bangladesh, the Maldives, Cambodia and Timor Leste. Local media reported that Jurin has ordered commerce officials and directors of Thai trade centers in 58 offices worldwide to seek opportunities to start new regional trade and cooperation agreements with states … [Read more...] about Thailand promotes trade to support exports
Uk trade deficit
Partial results and an exit poll pointed to Boris Johnson's Conservatives winning their biggest majority in parliament since the heyday of Margaret Thatcher in the 1980s. — AFP Photo LONDON — Prime Minister Boris Johnson on Friday hailed a political "earthquake" after securing a sweeping election win, which clears the way for Britain to finally leave the European Union next month after years of political deadlock. With almost all results declared for the 650-seat parliament, Johnson's Conservative party had secured 362 seats -- its biggest majority since the heyday of Margaret Thatcher in the 1980s. By contrast the main opposition Labour party endured a terrible night, losing 59 seats to 203, forcing leader Jeremy Corbyn to announce plans for his … [Read more...] about UK’s Johnson wins historic victory in Brexit election
President Joko Widodo (L) (Photo: AFP/VNA) Jakarta (VNA) - President Joko Widodo on December 12 laid out strategies that could bring about a competitive edge for Indonesia when the country faces pressures from other nations over its trade policies on palm oil and nickel. By reducing imports and boosting exports, the current account deficit could be narrowed and create a stronger comparative advantage for the country, the President said during his visit to automotive manufacturer Isuzu Astra Motor Indonesia (IAMI) in Karawang, West Java. Indonesia has just shipped Isuzu Straga vehicles to the Philippines. However, within the next three years, the cars will be exported to 20 other countries in Africa, East Asia and the Middle East, he said. Indonesia’s automobile exports needed to be increased to at least 1 million vehicles by 2024, from less than 300,000 vehicles currently. That way the current account deficit can be controlled and the trade balance can be managed, … [Read more...] about Indonesia rolls out strategies to ease economic pressure
May, who was appointed prime minister shortly after Britain voted to leave the EU in June, faced down attempts in both the lower and upper houses of parliament to add conditions to legislation giving her right to launch the divorce. Both houses backed the so-called Brexit bill and after securing symbolic approval from Queen Elizabeth, which could come early on Tuesday, May has the right to begin what could be Britain's most complex negotiations since World War Two. But beyond saying she will begin the formal process by the end of this month, May has yet to answer the question of exactly when, and end nine months of guesswork as to how her government will approach the unchartered territory of leaving the EU. "We are now on the threshold of the most important negotiation for our country in a generation," Brexit minister David Davis said in a statement after parliament approved the legislation on Monday. "We have a plan to build a Global Britain, and take advantage of its new place in the … [Read more...] about May wins right to launch EU divorce talks, question is when?