THE TREND OF THAI EXPORT

Brief introduction of the current economic situation in Thailand

After critical 18-month {1} in the first quarter of the year 1999*** , it has showed some positive signs which are the gains in manufacturing , production and consumer spending , especially sectors that show the*** {2}

Largest gains including vehicles , steel and petrochemicals . Low interest*** , {3} inflation rates and a steady baht until this time helped many firms to renegotiate debt , restructure operations and raise new capital*** . However *** ,

Investment overall remained weak and it was primarily in the stock and debt markets to help refinance local firms*** . Unfortunately *** , Thailand still maintained a trade surplus *** ,*** *** {4} exports overall continued to decline *** , leading the central bank to lower export growth projections from an original target as the factors that made the declined included competition in world markets*** ,*** {5} loss in favourable tariff privileges from Europe and continues difficulties in accessing trade credits*** {6} . Moreover , the falling prices of farm commodity in world markets and floods locally helped depress export performance . For instance , rice and rubber ; {7} two of Thailand leading agricultural exports , were attacked particularly hard so {8} the central bank lowered the export growth target . Also imports showed signs of recovery as local manufacturers raised production to rebuild inventories . However , domestic consumption , the third engine of the economy outside of exports and investment , showed mix signs in the first half and {9} it was the same signs as in shopping mall sales , electricity use , beverage and vehicle sales . But positive signs through the first half led to the central bank announcing an upward revision in growth projections in late May . The economy was now expected to post to 1.5 % growth for 1999 .

Overview of report in {10} Thai export in Mid-year of 1999

As many export products depend on imported materials , growing imports of materials and capital goods for use by manufacturers provide hope of export-driven economic recovery whereas the revival of imports for use in making export goods relies heavily on a corresponding lift in regional trade . In addition , increased manufacturing production will also help factories emerge from the cash flow squeeze caused by the recession ; the {11} economic crash and the export lapse in mid-1997 , when many plants became uneconomic to operate . Bank will also be encouraged to resume lending with less worry that loans will turn bad . Also it has {12} evidence that increased imports are driving exports is seen {13} in the gradual catch-up in monthly trade figures compared with last year . But the export volume index for the first quarter decreased because of a decline exports by the farm product and agribusiness segments . For example , rice exports dropped by 19 % between January and March , compared with the same period of last year . Moreover , the European Union' s removal of preferential tariffs from certain farm products since January 1 , 1999 mainly contributed to drop in exports .

However , exporters have moved quickly to offset the impact of the

EU' s tariff changes by making more value-added products for supermarkets as well as *** {14} tax restructuring is one way to revive exports of the products . Furthermore , the government are revising the custom duties which are the new tariff regime will {15} serve the Asean Free Trade Area ( Afta ) ; an agreement {16} among Southeast Asian nations to reduce import tax on general goods among members to between 0 and 5 % by 2003 . Not only increasing complaints about delays and corruption had forced the government to more against the practice of paying bribes to ship goods in and out of Bangkok Port but red tape had also been reduced , speeding the process of clearing goods for export . It is believed that Thailand' s exports were gradually recovering in overall terms , helped by the stable baht that made it easier to calculate costs and prices. In addition , export would be helped by the government' s promotion measures encouraging companies to find new markets in Indochina , the Middle East , Africa , Latin America and Eastern Europe .

Although ,*** exporters are pleased by signs of recovery in shipments , they are still worried by a decline in total sales to the United State and the European Union , the two biggest markets for Asian exports . The trend may reflect Thailand' s gradual declining competitiveness in the two markets . {17}

Analyse {18} external factors and internal factors of Thai Export

External Factors :

Social :

At present , Thailand has bigger size of population than {19} before , *** it is about 65 million people . According to the Thai Ministry of labour , it has the workforce only 29 million {20} and *** now because of the economic crisis it {21} estimated that the actual end-of-1997 figure could be as high as 2.9 {22} million .

Economic :

About {23} Thailand's trade surplus , it reduced by 40.5% to $ 1.7 billion in the first quarter of this year, according to the commerce ministry and imports of automobile parts and transport equipment showed the most {24} growth ,*** *** *** {25} 144.8% , to $ 212 million from the same period of last year. At the same time , exports of automobiles jumped by 54.4 % to $ 342 million . Australia , the United States , Japan , Turkey , Sweden and New Zealand imported more vehicles and parts from Thailand . In addition , imports of raw materials rose by 6.4 % to $ 3.24 billion in the first quarter , while those of capital goods such as steel , jewellery and wood increased by 5.7 % to $ 6.04 billion .

Political :

The Thai' s government is committed to and {26} accelerate industrial development in rural areas and initiatives in human resources development and financing have been put forth at the provincial level .

The government is also placing emphasis on the improvement of social infrastructure and the expansion of social services . Compulsory education will be extended from 6 to 9 years and a student loan fund of US $ 120 million has been established for low income students . Furthermore , programs to develop personnel in fields such as science , engineering , medicine and pharmacology will be expanded . The government now places considerable emphasis on the use of BOI privileges -The Thailand Board of Investment- to achieve policy targets related to export activities, to industrial deepening , and to decentralisation of industries into the regional areas . Not only the BOI has {27} been addressing concerns the {28} development of technological capability in Thai industry and the growth of supporting industries but also promotional privileges are provided to firms undertaking research and development efforts . Moreover , the Thai government has strongly supported export activities since the early 1970s as a way of generating foreign exchange and avoiding imbalances in the balance of trade through the government agencies such as :

The Board of Investment : The BOI offers a generous range of incentives for {29} export-oriented investors in Thailand . These include exemption from import duties on imported raw materials ,*** components ,*** and re-export items , and exemption from export duties and business taxes.

The Ministry of Finance : The Ministry of Finance operates 2 main schemes to help exporters . Firms can either claim tax drawbacks from the Customs Department for customs duties and excise taxes paid on inputs used for export products , or obtain a rebate from the Fiscal Policy Office based on the estimated tax payments on inputs used in export products .

The Department of Export Promotion : DEP provides information on potential markets and buyers , and provides relevant training to Thai exporters .

The Export-Import Bank : The Export-Import Bank operates as a non-profit state institution separate from the Bank of Thailand . Its purpose is to promote and provide financial support for exports and investment for export purposes .

Internal Factors :

Market Shares : Among industrial exports to register rises year-on-year were computers , up by 1.9 % to $1.91 billion ; electrical circuits , up by 7.7 % to $610 million ; autos and parts , up by 54.4 % to $342 million ; air conditioners , up by 14.6 % to $263 million ; rubber products , up by 1.6 % to $209 million ; tapioca products , up by 3.7 % to $173 million ; and furniture and parts , up by 25 % to $171 million . However , declines were recorded in exports of clothes , gems and jewellery , footwear and shoe parts , transistors , televisions and radios , as well as videos and their parts .In addition , the decline was attributed to price-cutting rival exporters including China , Malaysia , Indonesia ,the Philippines , South Korea , Mexico and countries in Eastern Europe .

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Comment:

After a critical period of 18 months, the first quarter of 1999 showed ...

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something seems to be missing here.

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I think you need "and" here, then a comma after rates

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use semi-colon (;) instead

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Start a new sentence here, and include verbs to make the sentence complete

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do not leave a space before but only after punctuation marks! I will not marks this in the rest of the paper.

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a comma here would connect the incomplete part to a full sentence and everything wold be OK

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Start a new sentence here

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start a new sentence here

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on

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there's no verb in this sentence

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there is

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which can be seen

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Use a Between sentence marker and start a new sentence.

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which will

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this is ...

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a lot of what you write sounds as if it were taken word by word from your source. YOu can do this if you use phrases like the report suggests that ... it alos points out that ... etc. At least then you show you are interpreting the content and commenting. In its present form much of what you write seems to be copied, which is not considered good enough in English. If you use the phrases I suggest, it will be.

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you need a noun here if this is your heading

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ever before

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the workforce is only 29 million

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for clarity you need to write "the Ministry" again

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29? 2.9? there must be something wrong with these numbers; please check

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As to?

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highest growth

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at

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drop this "and"

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hast the BOI been ...

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for, over?

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to