Small and medium enterprises (SME)

Thailand aims to increase trade with countries on its borders by 15% this year, to a record high of 1.5 trillion baht ($50 billion). The government is backing the drive to offset an expected slowdown in overall export growth due to appreciation of the baht ...

As the Thai economy continues to evolve, so too is investment coming from Japan, which sees Thailand as the ideal gateway to the growing ASEAN region. Under the Thailand 4.0 plan, Thailand aims to move to a digital and knowledge-based economy driven by services, innovation, ...

The Ministry of Commerce has instructed the Department of Internal Trade to keep a close watch on price of goods in the wake of the wage rise slated to apply from April. The move came after the government had announced a minimum wage rise of 8-22 ...

Thai-EU free trade agreement (FTA) talks are expected to resume by the middle of this year, after the bloc late last year agreed to resume political contact “at all levels”, more than three years after suspending them to protest the 2014 military coup.After meeting with ...

Thailand’s Ministry of Agriculture and Cooperatives has reported Thai farm goods enjoyed a trade balance advantage in ASEAN of 200 billion baht in 2017, which should continue if the sector maintains its quality and trustworthiness this year.The Ministry of Agriculture and Cooperatives reports Thailand saw ...

The Office of SMEs Promotion (OSMEP) is optimistic that the country’s small and medium-sized businesses will all register a considerable growth rate this year. Suwanchai Lohawatanakul, Director General of the OSMEP, said on Thursday that the Thai SME’s GDP is expected to grow between 5.0 ...

Prachuap Khiri Khan will again propose the upgrading of Singkhon border pass to a permanent checkpoint at next week’s mobile cabinet meeting, to promote trade with Myanmar. Provincial governor Pallop Sinhaseni said on Friday the cabinet was due to visit Phetchaburi for meetings  with central ...

Thailand is considering applying to join the 11-nation trade deal that was initiated by ex-president Obama but abandoned by President Donald Trump on his first day in office. Negotiations over the deal were concluded in January by the countries — Singapore, Brunei, Malaysia, Vietnam, Australia, ...

The value of exports rose by 17.56% year on year in January, the largest increment in 62 months, Commerce Minister Sontirat Sontijirawong said on Wednesday. Exports last month were estimated at US$20.10 billion. It made a good start for this year and the baht’s appreciation ...

Thailand has entered into negotiations for a number of free trade agreements (FTA). Its first FTA was the Asean Free Trade Area, signed in 1992. The country has six FTAs with India, Australia, New Zealand, Japan, Peru and Chile. As an Asean member country, Thailand also ...