State upbeat on cross-border trade

The government expects cross-border trade prospects to fare better than an earlier forecast thanks to buyers’ confidence in the quality of Thai products and the economic recovery of neighbouring countries.

The bullish forecast also stems from efforts by the ministry to address traffic congestion at border checkpoints.

Commerce Minister Jurin Laksanawisit said on Friday overall cross-border trade, including transit trade, is likely to grow by 4-5% this year, up from a 3% increase projected earlier.

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Phusadee Arunmas