Cross-border trade drops by over 9% in first half
Thailand’s cross-border trade fell by 9.18% year-on-year in the first half, attributed to lockdown measures and the slowing economies of neighbouring countries.The Foreign Trade Department reported overall cross-border trade, including transit trade, totalled 627 billion baht for January to June, with Malaysia the biggest partner ...
Phusadee Arunmas
Trade department to push for RCEP signing in October
The Department of Trade Negotiations will urge the Cabinet in October to consider signing the Regional Comprehensive Economic Partnership (RCEP) pact, the department’s director general Auramon Supthaweethum said.She added that the vetting of all 20 chapters of the accord had been completed and that it ...
The Nation Reporter
Exports may shrink 15% this year: shippers
Thailand’s exports may contract by 15% this year as the coronavirus pandemic hits global demand and a stubbornly strong baht adds to pressure, a shipping association said on Tuesday.Exports, a key driver of growth, slumped 15.2% in the second quarter from a year earlier and ...
China demand spiking for Thai durian
The Chinese appetite for Thai durians remains strong despite the coronavirus pandemic and weak global demand for goods.According to Commerce Ministry data, Thailand exported US$567.29 million worth of durians to China in the first four months of 2020, up 78% year-on-year from the same period ...
Bangkok Post Reporter
Thailand – Cambodia border reopening proposed to resume bilateral trade
A vice chairman of the Sa Kaeo provincial council has proposed the reopening of the Aranyaprathet border crossing to resume border trade.Thongwara Maksakhon, the vice chairman of the provincial council, said that he would like to ask relevant authorities to make it clear if or ...
Thai exports in May hit lowest level in years
Thailand’s exports in May amounted to $16.278 billion, the lowest in the past four years, the Trade Policy and Strategy Office said on Wednesday (June 24).Exports were hit due to the ongoing global Covid-19 crisis, its impact on consumers’ purchasing power, as well as the ...
The Nation Reporter
Ministry to consider tax perks to stimulate retail spending
The Finance Ministry is ready to consider retail operators’ proposal for tax breaks on shopping to stimulate domestic spending, says Finance Minister Uttama Savanayana.The ministry has delegated related agencies, including the Fiscal Policy Office, the Revenue Department and the Excise Department, to examine the possibilities, ...
Bangkok Post Reporter
Industrial group supports Thailand joining CPTPP
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) supports the move to make Thailand a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to boost the nation’s international trade in the post-pandemic period.The panel’s stance, unveiled on Tuesday by the ...
Lamonphet Apisitniran
Change of consumer behaviour in new normal boosts online sales
E-commerce in Thailand this year will rise by 35 per cent or Bt220 billion due to the “new normal” brought on by the government’s lockdown measures amid the Covid-19 crisis, Priceza.com revealed on Wednesday (June 10).Priceza.com is a leading price comparison website in Southeast Asia ...
The Nation Reporter
On the Thai-Myanmar border, COVID-19 closes a billion-dollar racket
The closure of dozens of illegal trade gates along the border with Thailand to prevent the spread of COVID-19 is causing shortages of everything from beer and energy drinks to detergent and cosmetics, highlighting the vast scale of informal trade with Thailand.For decades, billions of ...
