Sat, June 16, 2012
BANGKOK, June 16 (Xinhua) -- Thai Prime Minister Yingluck Shinawatra on Saturday expressed concern over the possible impact of economic woes in Europe on Thai exports and order concerned agencies to closely follow up the economic situation in European countries, Thai News Agency reported.
The government has instructed relevant agencies including the National Economic and Social Development Board (NESDB), Finance Ministry, and Bank of Thailand to work together to monitor the situation and analyze the potential impact on Thailand's economy, both directly and indirectly, the prime minister said during " Yingluck Government Meets the People" program broadcast via state- own Channel 11.
These agencies are tasked with understanding the impacts correctly and working together to build Thailand's economic strength, she said, adding that this approach would help Thailand to prepare for and proactively prevent problems at the same time.
Yingluck said that Commerce Ministry had discussed with exporters who may be affected by the crisis in Europe and the government had prepared to extend assistance while advising the private sector to be prepared to respond to the situation.
As for the tourism industry, she said, new markets of tourists would be sought out.
The premier has assigned all parties to reduce such impact. The Export-Import Bank of Thailand (EXIM) and other banks have been called upon to prepare assistance for the private sector.
