Photo courtesy of Freepik. Industry leaders in Thailand are urging the government to provide assistance in order to boost export growth, which has seen steady declines over the past eight months. According to the Federation of Thai Industries (FTI), 80% of executives from 45 sectors of the industry support government initiatives to reduce operational costs and enhance competitiveness. Measures such as reducing electricity and logistics expenses and executing new free trade agreements are among the preferred options. Concerns over high power bill expenditures have also impacted exporters’ competitiveness. Despite these challenges, the Thai government is optimistic about an improvement in export outlook in the second half of the year, driven by global economic recovery and stable conditions among trading partners.
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