Economy and commerce

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...