BANGKOK, May 8 (TNA) — The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB – Thailand) prepares to send its White Paper to the new government.
Supant Mongkolsuthree, president of the Federation of Thai Industries, said the White Paper would call on the new government to improve local industries and commerce, national competitiveness and the ease of doing business and relieve economic inequality.
JSCCIB is comprised of the Board of Trade of Thailand, the Federation of Thai Industries, and the Thai Bankers’ Association.
The JSCCIB expected the new government would be formed within July, he said.
He also said that the economy in the first quarter of this year grew slower than the rate of 3.7% in the last quarter of 2018. It resulted from slowdowns in exports, tourism, and private consumption and investment. The situation would continue in the second quarter of this year.
Global economic problems and trade war between China and the United States would continue to affect exports in the rest of 2019, Mr Supant said.
Besides, the joint committee expected 3-5% export growth, baht fluctuation, 3.7-4.0% economic expansion and 0.8-1.2% inflation for this year, he said. (TNA)
