RELEASED: 18 Jun 2021 at 04:08
The federal government is being prompted to designate about one billion baht to support arranging trade fairs that will permit domestic products producers to offer their items and promote customer costs.
Kavin Kittiboonya, vice-president of the Thai Exhibit Association (TEA), who sent a petition to Prime Minister Prayut Chan-o-cha on Wednesday by means of Danucha Pichayanan, secretary-general of the National Economic and Social Advancement Council (NESDC), stated the federal government needs to accelerate promoting trade fairs that offer customer items from members of Thai Chamber of Commerce (TCC) and the Federation of Thai Industries (FTI) to assist drive the domestic economy forward.
” Trade fairs can produce advantages in different measurements such as permitting customer item producers to deal with their huge stocks, make more money and produce tasks while customers get budget friendly items straight from manufacturers,” stated Mr Kavin. “Trade fairs ought to be arranged in between October this year and Sept 2022 or after the federal government accomplishes a turning point of inoculating 30 million individuals.”
According to Mr Kavin, the occasions ought to be arranged in Bangkok and other crucial Mice (conferences, rewards, conventions and exhibits) cities such as Pattaya, Khon Kaen, Chiang Mai, Phuket, Hat Yai, Nakhon Ratchasima, Phitsanulok, Udon Thani and Surat Thani.
He stated the association approximates each fair will need costs of around 50 million baht. The activities are forecasted to produce a multiplier impact worth as much as 10 billion baht or approximately 500 million baht per fair, pointing out each fair will produce investing by organizations consisting of exhibitors, building and construction companies, logistics companies, hotels, dining establishments and trip operators.
The federal government can likewise make earnings from value-added tax (BARREL) collection worth around 700 million baht and business earnings tax worth about 300 million baht, stated Mr Kavin.
