Increased Border Trade is One of Thailand’s Goals for 2023

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In an effort to increase border commerce in preparation for the upcoming year and kickstart an important economic engine, the Department of Foreign Trade (DFT) has stated its intention to lobby for the reopening of more land border crossings.

Director-General of the Department of Foreign Trade (DFT) Ronnarong Phoolpipat has stated that talks are on with Malaysia, Laos, Myanmar, and Cambodia to reopen all 97 land border crossings to allow for the free flow of commodities.

As part of the strategy, multiple trade shows will be hosted throughout the year in Laos, Myanmar, and Cambodia.

The director general has assured the public that the department would maintain its dedication to easing exports through the revision of applicable legislation and the improvement of departmental services such exporter registrations, permission extensions, and the issue of geographical indication documentation.

Approximately 1 trillion baht was earned by Thailand in border trade last year. Nonetheless, exporters’ preference for sea and air transport caused a decline in business with China, Singapore, and Vietnam.

The DFT plans to host events in both established and emerging international markets to promote Thai agricultural goods, notably rice. This year, Thai rice exports hit an all-time high of almost 8.5 million tons, well beyond the 7.5 million-ton goal set at the beginning of the year.

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