According to a survey carried out recently, exporters of garment, textiles and cosmetics among other products are likely to be affected by tougher non-tariff barriers which are expected to cost Thai exporters 4.39 billion baht and eradicate more than 5,000 jobs this year.
The survey, which was conducted between March and April, revealed that only about 63 percent of the 400 exporters are aware of the troubles that have arisen due to the trade barriers.
The survey also stated that the country's total export value would fall by nearly 4.39 billion baht as a result of the tough barriers. They would also add an extra 5.08 billion baht to production costs, thereby forcing manufacturers to retrench labour force.
Thai exports to key countries like United States, European Union and Japan would be severely hampered. Of these, exports to US alone could drop by 700 million baht which would mainly affect the garment and textiles sectors.
The survey suggested that in order to lessen the ill-effects of the trade barriers, Government must set up intelligence networks to pre-warn manufacturers.
The survey, which was conducted between March and April, revealed that only about 63 percent of the 400 exporters are aware of the troubles that have arisen due to the trade barriers.
The survey also stated that the country's total export value would fall by nearly 4.39 billion baht as a result of the tough barriers. They would also add an extra 5.08 billion baht to production costs, thereby forcing manufacturers to retrench labour force.
Thai exports to key countries like United States, European Union and Japan would be severely hampered. Of these, exports to US alone could drop by 700 million baht which would mainly affect the garment and textiles sectors.
The survey suggested that in order to lessen the ill-effects of the trade barriers, Government must set up intelligence networks to pre-warn manufacturers.
