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Article: Thailand's Leather Goods Exports to Increase
- Article from:
- Xinhua News Agency
- Article date:
- November 21, 1998
CopyrightCopyright 1998 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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A weak baht and Thailand's growing reputation for quality have
resulted in a banner year for exports of leather bags and travel
accessories, according to The Thai Leather Goods Association.
Export value is expected to reach 20 billion baht (540 million
U.S. dollars) this year, an increase of 67 percent over last year,
Association President Sunanta Wuthisakul was quoted Saturday by the
Bangkok Post as saying.
But as exchange rates stabilize and the world economy slows,
export growth of 15 percent to 20 percent next year would be
considered healthy, she added.
Relatively few barriers exist for exporting Thai leather goods, so
the local industry has been able to focus on other areas such as ...