Thai textile exporters seek incentives
Ann/ The Nation
Thai textile exporters have suggested that the government hold talks with trading partners to provide investment incentives if it is serious about encouraging exporters to channel foreign exchange out of the country to stem the baht's appreciation.They also suggested the government come up with a support package as these exporters still fear moving out of the country in view of possible investment risks. Dej Pathanasethpong, president of the Thai Garment Manufacturers' Association, said the government should adopt a two-pronged strategy by holding talks with trading partners and creating support packages for exporters. The association has proposed the government negotiate with key trading partners to provide tax incentives to Thai investors. Meanwhile, support packages, including a policy on double taxation, special incentive schemes for overseas direct investment, a matching fund for investors and negotiations on free-trade agreements, have also been recommended.
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