DEPUTY Prime Minister Somkid Jatusripitak said today (May 8) that the unofficial election of Emmanuel Macron as the new French president eases worries among investors and a stronger European Union will also help expand the global economy, Thai News Agency said.
Where Thailand is concerned, the Deputy Premier said the country will continue rely on the domestic sector especially so because the Asian economy is growing the fastest in the world. In the past Thailand developed itself by focusing on domestic investment, particularly infrastructure, to strengthen the economy and prepare for future growth.
Figures from Commerce Ministry show that the French economy is the 6th largest in the world and the 3rd biggest in Europe after Germany and UK. It is also projected that the French economy will grow by 1.4% in 2017.
In 2016 Thailand exported 1.553.4 billion dollars worth of goods to France, a drop of 3.02%, and in the first three months of this Thai exports to France totaled 389.1 million dollars, a drop of 6.54%.
Most of the exports comprise air-conditioners and their parts, lens, para rubber and rubber products and computers and accessories.
Top: Deputy Premier Somkid said Macron’s victory will help expand global economy. Photo: Thai News Agency