GARMENTS / STRONG BAHT
Strong baht takes a toll on garment industry growth
ARANEE JAIIMSIN
Bangkok Post, Thailand
The baht’s appreciation is expected to trim the textile and garment industry’s growth this year from the 4-5% earlier projected by the Thailand Textile Institute (TTI), according to Chen Namchaisiri, chairman of the textile industry club under the Federation of Thai Industries (FTI).
The TTI said the industry grew 2.6% in the first half this year and would expand by 4-5% to US$6.9-7 billion for the full year. This is due to the Japan-Thai Economic Partnership Agreement (JTEPA), which could help lift the sector’s overall exports to Japan from $400 million now. Read more about Strong baht takes a toll on garment industry growth …