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World

Thai exports can still grow 8pc this year

Published April 9, 2018 Updated April 9, 2018 11:51am

BANGKOK: Thailand's commerce ministry is sticking to its export growth target of 8 percent this year as a trade dispute between the United States and China should have a limited impact on Thai shipments, the commerce minister said on Monday.

"I think we can still keep our export momentum," Sontirat Sontijirawong told a briefing.

Thailand may have a chance to export between $300 million and $1.1 billion more to the United States to replace Chinese goods, he said.

It could further export more goods, worth more than $300 million, to China, to replace US products, Sontirat said.

The ministry said there was only $19 million worth of Thai products in China's supply chain that could be affected by the trade spat.

 

Copyright Reuters, 2018

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