State urged to invest B1bn in fairs

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State urged to invest B1bn in fairs

Poslaťod mahrez26 » Pia 18. Jún 2021 5:55:00


The government is being urged to allocate about one billion baht to support organising trade fairs that will allow domestic goods manufacturers to sell their products and stimulate consumer spending.

Kavin Kittiboonya, vice-president of the Thai Exhibition Association (TEA), who ทดลองเล่นสล็อต submitted a petition to Prime Minister Prayut Chan-o-cha on Wednesday via Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said the government should speed up promoting trade fairs that sell consumer products from members of Thai Chamber of Commerce (TCC) and the Federation of Thai Industries (FTI) to help drive the domestic economy forward.

"Trade fairs can create benefits in various dimensions such as allowing consumer product manufacturers to dispose of their massive inventories, earn more cash and create jobs while consumers get affordable products directly from producers," said Mr Kavin. "Trade fairs should be organised between October this year and Sept 2022 or after the government achieves a milestone of inoculating 30 million people."

According to Mr Kavin, the events should be organised in Bangkok and other key Mice (meetings, incentives, conventions and exhibitions) cities such as Pattaya, Khon Kaen, Chiang Mai, Phuket, Hat Yai, Nakhon Ratchasima, Phitsanulok, Udon Thani and Surat Thani.

He said the association estimates each fair will require spending of around 50 million baht. The activities are projected to create a multiplier effect worth as much as 10 billion baht or an average of 500 million baht per fair, citing each fair will bring about spending by businesses including exhibitors, construction firms, logistics providers, hotels, restaurants and tour operators.

The government can also earn revenue from value-added tax (VAT) collection worth around 700 million baht and corporate income tax worth about 300 million baht, said Mr Kavin.
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