Economy and commerce

Prime Minister General Prayut Chan-o-cha said Thailand would seek more measures to boost the economy. He made the remark during the meeting of the Council of the Economic Ministers on Friday (November 1).He assured that Thailand and Asean economies were not in recession but they ...

The 10 Asean member countries and six trading partners remain optimistic about making a breakthrough on the long-delayed Regional Comprehensive Economic Partnership (RCEP) deal during the 35th Asean Summit in Bangkok, Deputy Prime Minister and Commerce Minister Jurin Laksanawisit said.Keep reading ...

The Industry Ministry forecasts investment flows in the Eastern Economic Corridor (EEC) to begin from 2020, largely into the 12 targeted industries after the government begins to develop five megaprojects in the corridor.There is some progress on the Map Ta Phut seaport, high-speed railway linking ...

Thailand plans to seek talks with the United States on a decision to end preferential trade privileges on a range of Thai exports including seafood, officials said Monday.Keerati Rushchano, acting director-general of the Commerce Ministry’s Foreign Trade Department, said his office has been warning exporters ...

The struggling Thailand economy received an unexpected whack for the year ahead yesterday (Oct 26) when US President Donald Trump suspended $1.3 billion worth of duty-free trade for Thai items, including seafood, under the Generalized System of Preferences (GSP) programme.Keep reading ...

Prime Minister Prayut Chan-o-cha became aware of the US plan to suspend US$D1.3 billion in trade preferences for Thailand, under the Generalized System of Preferences program, about a month ago and says the US action is not related to Thailand’s banning of paraquat, glyphosate and ...

Despite the general election, Thais think that the political division still persists and it can threaten overall economic performance and their income, according to latest survey carried out by the National Institute of Development Administration, or NIDA Poll.The survey results showed that a majority of ...

Thai government and business leaders are seeking clarification from the United States about the planned suspension of $1.3 billion (39.2 billion baht) in trade preferences, ostensibly because of failure to curb labour abuses in the fishery industry.The suspension, to take effect on April 25, will ...

Thailand’s Department of Foreign Trade will announce on Monday the details of its suspension of duty-free treatment for some Thai products under the Generalised System of Preferences (GSP).This follows US suspension on Friday of such preferred treatment for Thai products worth around US$1.3 billion, citing ...

In the next fiscal year, the Industrial Promotion Centre Region 9 (IPC9) under the Department of Industrial Promotion (DIP) will focus on improving SMEs to support S-curve industries in the future.The move will also complement the infrastructure the government has invested in and the expansion ...