Economy and commerce

Min of Commerce to strengthen strategic partnership with India

The Ministry of Commerce is planning to boost Thailand’s strategic partnership with India to mitigate risks from current geopolitical conflicts and trade disputes.Deputy Minister of Commerce, Chutima Bunyapraphasara, has expressed the view that the attacks on Syria have yet to affect Thailand’s trade industry and ...

Jettana Pantana

Alibaba Group gearing up to setup Smart Digital Hub in Thai EEC

Chinese business giant Alibaba has shown interest in setting up a Smart Digital Hub in Thailand’s Eastern Economic Corridor (EEC) with company president Jack Ma expected to engage in talks with the government this week. Keep reading ...

Itiporn Lakarnchua

Outcome of the 6th Greater Mekong Subregion (GMS) Summit

H.E. Mr. Don Pramudwinai, Minister of Foreign Affairs of the Kingdom of Thailand, joined the delegation led by H.E. General Prayut Chan-o-cha, Prime Minister of Thailand, to attend the 6th Greater Mekong Subregion (GMS) Summit during 30 – 31 March 2018 in Hanoi, Vietnam. The ...

20-year strategy plan under scrutiny

For the first time in its history, Thailand is coming out with a national strategy that directs the country’s economic and social development over the next 20 years. Last June, the National Legislative Assembly passed a national strategy bill which mandates that all government agencies ...

Kavi Chongkittavorn

Commerce Ministry claims success from TIFA meeting

Last week’s TIFA meeting between Thailand and the United States was a success, particularly regarding the GSP extension for Thai products, and a request for the U.S. not to raise the tax for steel and aluminum from Thailand. The Ministry of Commerce’s Permanent-Secretary Nuntawan Sakuntanaga revealed ...

Tanakorn Sangiam

Conflict in Syria may affect Thai economy

An academic at Thailand’s Rangsit University, Anusorn Thamjai, says the US, UK and French air strikes on Syria could drive up crude oil prices to 100 dollars per barrel. Anusorn said the prices have already reached the highest level in 3 years since the coalition launched ...

Nuppol Suvansombut

Thailand to benefit from Australia’s new vehicle import policy

The Ministry of Commerce is keeping an eye on an expected car tariff cut by the Australian government, believing it would spur the Thai car building industry if the cut is realized. Keep reading ...

Thammarat Thadaphrom

ADB sees Asia growth at 6% but warns of trade risks

The Asian Development Bank raised its 2018 economic growth estimate for developing Asia to 6% from 5.8%, citing solid export demand, but said US protectionist measures and any retaliation against them could undermine trade.Keep reading ...

Reuters

UK keen to invest in EEC

Commerce Minister Sonthirat Sonthijirawong confirmed that the United Kingdom was interested in expanding trade and investment with Thailand, especially regarding investment in the Eastern Economic Corridor (EEC) project. Keep reading ...

Supawadee Wangsri

Thailand 'high on US trade offensive list'

Thailand emerged high on Donald Trump’s trade offensive list, meeting all three criteria in the upcoming currency report used by the US president, according to regional analysts. The criteria are the size of trade surplus with the US, magnitude of current-account surplus relative to the ...

Bloomberg News

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