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Therefore, those advocating for the support of domestic industry are not well wishers of the country as well as the government, as restoration of competitiveness of export-led industry is a must to regain the lost share in the international marketplace. Already, the anti-export approach had witnessed decline of country's exports from $35 billion to https://www.labtest.co.th/product/mini-dryer/ $20 billion as on 2016-17. Unfortunately, certain vested interest elements have started campaign against the exporting industry, generating foreign exchange, direct and indirect employment besides backward and forward linkages. READ MORE: PM appoints Shehryar Khan Afridi as Interior Minister of State Domestic industry can absorb the economic stringencies, but not the exporting industry which competes with international competitors, he added. Furthermore, he urged the government to steer the economy out of woods with an active participation of industry associations in order to set the priorities. The proposed Business Advisory Council should be represented by the export-oriented industry associations to encourage new investment and increase in exports, he stressed. He said the prime minister should chair the Business Advisory Board on quarterly basis for overseeing the implementation of decisions and review performance thereof. READ MORE: 'He's a good guy, everyone loves him': Nadal hails Ferrer on Slam retirement PBS data showed that textile exports rose 9.82 percent to $12.336 billion in the first 11 months of the current fiscal year of 2017/18. Textile exports amounted to $11.23 billion in the same period a year earlier. In May, total exports stood at $2.144 billion, up staggering 32.4 percent year-on-year, but they were marginally up 0.52 percent month-on-month. The country's total exports rose 15.3 percent to $21.345 billion in the July-May period.
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