Thai manufacturers need to improve competitiveness in EU market

Thai manufacturers and exporters have to improve their competitiveness in the European market after the EU-Vietnam free-trade agreement (FTA) became effective in August 2020.

Trade Negotiations Department Director-General Auramon Supthaweethum said EU buyers may consider importing products from Vietnam instead of Thailand if they find cheaper goods there.

According to Mrs Auramon, Thai entrepreneurs need to speed up differentiating their products, focusing more on quality development and standards upgrades as well as optimizing export privileges from existing FTAs between Thailand and key partners.


 

Information and Source

Reporter : Suwit Rattiwan

Rewriter : Tarin Angskul

National News Bureau & Public Relations : http://thainews.prd.go.th

The post Thai manufacturers need to improve competitiveness in EU market appeared first on BangkokScoop.

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