Trade

Thailand is gearing up for the resumption of Free Trade Agreement (FTA) negotiations with the European Union (EU) after the talks were suspended in 2014 due to the coup. The talks should be completed in in 2025, said Commerce Minister Phumtham Wechayachai. Mr Phumtham said on ...

Thailand is gearing up to commence agricultural exports to China via the Thai-Laos railway system from December, said Keniga Ounchit, the Prime Minister’s Office deputy spokesperson.This move follows collaborative efforts from various public and private sector agencies to finalise customs railway transportation documentation, opening the ...

Joining the BRICs alliance would present economic opportunities for Thailand, as the alliance, comprising Brazil, Russia, India, China, and South Africa, is enjoying strong negotiating power in trade agreements, according to former finance minister Thirachai Phuvanatnaranubala.Trade with China was extensive back in the days when ...

The Free Trade Agreement (FTA) with the Pacific Alliance (PA) has raised Thailand’s gross domestic product (GDP) by 0.04% and boosted trade by 16.75%, benefiting various Thai exports.That 0.04% increase is worth about US$200 million, according to Auramon Supthaweethum, director-general of the Department of Trade ...

The Thai Commerce Ministry has called for continued cooperation from manufacturers to maintain product prices as long as possible in order to curb the negative impact on consumers.This move came after manufacturers proposed to increase the prices of their products to cope with higher production ...

A group of Thai exporters remains bullish on the country’s prospects this year, despite slower growth in April.Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said the council believes 5-8% growth for the country’s export sector is still achievable, with key drivers including ...

Thailand’s exports rose by a more than expected 16.2per cent in February from a year earlier on improved global demand while the Russia-Ukraine war had yet to affect trade, the commerce minister said on Thursday.That compares with a forecast for a rise of 10.2per cent ...

Thailand’s agricultural product exports grew 17 per cent last year despite the Covid-19 pandemic, the Office of Agricultural Economics said.Chanthanon Wankhajorn, secretary-general of the Office of Agricultural Economics, said exports of Thai agricultural products from January to December last year were valued at Bt1.3 trillion, ...

After much deliberation, the Regional Comprehensive Economic Partnership (RCEP) trade pact is expected to become effective today.The pact was signed on Nov 15, 2020, by the 10 Asean member countries along with five Asean free trade agreement (FTA) partners. At least six members of Asean ...

The government plans to set up a national shipping line company to promote Thailand as a regional logistics hub for maritime trade.Government spokesman Thanakorn Wangboonkongchana said on Sunday that Prime Minister Prayut Chan-o-cha instructed state agencies to study the possibility and cost-effectiveness of setting a ...