Thailand'S Garment Industry Is Hit By A Shortage Of Labour. The Baht Appreciation Is The Biggest Worry.

< p > Thailand Industrial Economic Research Office report pointed out that the garment industry has been attacked by four major problems, and the business operators are trying to migrate neighboring countries to seek survival space.

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P, director of the Thailand Industrial Economic Research Office, said that the office is closely monitoring the situation of the domestic garment industry, because the garment industry is facing the four plagued problems of minimum wage standards, shortage of labour, the appreciation of the Thai baht, and the slow recovery of major export markets in Europe and the United States.

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< p > Thailand's garment industry has been running away from China, Vietnam, Kampuchea and Laos have become a reality, to solve the problem of domestic labor shortage and labor wage increase, and continue to take advantage of the above countries' preferential treatment tax (GSP) treatment to the US and EU markets, while the United States and European Union are studying the abolition of Thailand's GSP tariff treatment, because Thailand is already in the ranks of developed countries, making Thailand products facing greater resistance to the US and EU exports.

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< p > for the Thailand garment factory which has not been pferred to neighbouring countries, the relevant departments have corresponding supporting measures, especially for small and medium enterprises (SME), such as the garment design has been changed to more fashionable, which is different from the cheap garments imported by China. After all, the labor cost level of China is relatively low.

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< p > the report estimates that the development of garment industry will show a slowdown this year. It is estimated that the value of Thailand exported garments is about US $2 billion 448 million, a decrease of 3.41% over last year.

The production of low to high grade garments is estimated at about 187 million pieces, a decrease of 2.7%, due to the impact of the Thai baht appreciation and the loss of neighbouring countries by some garment factories.

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