Trade

The New Economy Academy (NEA), an agency under the Commerce Ministry’s Department of International Trade Promotion (DITP), says it will use AI and Big Data to promote SMEs and analyse the demand of foreign consumers based on their behaviours, trends and cultures.NEA director Nanthaphong Jiralertphong ...

In making the announcement, the bank’s president Pisit Serewiwattana noted that the 2019 global economic and trade expansion at 10-year low rates of 3.0 per cent and 1.1 per cent respectively and the prevailing low inflation and interest rates have dampened Thailand’s international trade.Keep reading ...

Thailand looks poised to improve free trade agreements (FTAs) under the Asean framework next year, aiming to extend tariff cuts to cover more products, particularly sensitive items.The Trade Negotiations Department also wants to upgrade agreements so they are in line with changing economic conditions.Keep reading ...

Deputy Prime Minister and Commerce Minister Jurin Laksanawisit said on Wednesday (December 4) that his ministry has held discussions with the Thai Chamber of Commerce, the Federation of Thai Industries and representatives from the private sector, asking them to accelerate the export of products that ...

The Thai National Shippers’ Council predicts overall exports this year will be down 2.5-3% this year on earlier expectations, and wants the Bank of Thailand to stop the baht’s appreciation.TNSC chair Ghanyapad Tantipipatpong said on Tuesday the forecast shipment figures were based on an exchange ...

China is expected to dominate the CLMV market, with Thailand estimated to lose as much as 187 billion baht by 2022 as Cambodia, Laos, Myanmar and Vietnam are inundated with Chinese goods.According to Aat Pisanwanich, director of the Center for International Trade Studies at the ...

Exports dropped by 4.5% year-on-year in October to US$20.8 billion, bringing the contraction in first 10 months of 2019 to 2.35% with a negative outlook, according to the Commerce Ministry.Pimchanok Vonkorporn, director-general of the ministry’s Trade Policy and Strategy Office, attributed the significant decline to ...

A free trade agreement (FTA) with the EU is likely to stimulate not only exports but imports and investment as well, helping to raise Thailand’s GDP by 1.63% a year, says a joint study by the Trade Negotiations Department and the Institute of Future Studies ...

As Thailand prepares to wind down its year-long chairmanship of Asean, it’s time to reflect on the state of the 10-country alliance and relations with its dialogue partners. Based on what happened at the 35th Asean Summit from Nov 2-4 in Bangkok, the outlook is ...

Notoriously labelled a ceremonial “talk shop” without any tangible outcomes, the latest Asean Summit in Bangkok finally proved critics wrong as regional leaders made progress in settling a mammoth trade pact despite India’s departure.The Regional Comprehensive Economic Partnership (RCEP) is a proposed free-trade agreement between ...