Companies want clarity on CPTPP
The private sector is calling for a quick and clear stance from the government on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).Companies cited foreign investors who have already invested and are interested in further spending in Thailand, though they are waiting for the ...
Phusadee Arunmas
Thailand returns to roots as food exports soar
Thailand is returning to its economic roots as a food producer, with overseas demand for rice, seafood, fruit and other edibles bolstering exports even as the Covid-19 pandemic dents production and shipments of manufactured goods.The proportion of food- and agricultural-related exports to total shipments jumped to ...
Govt to consider joining Asia-Pacific trade pact in a month
The cabinet has agreed to set up a committee to consider whether Thailand should seek membership in an Asia-Pacific trade agreement after widespread opposition last month amid concerns joining the pact may harm the agriculture industry.The lower house panel will open for public opinions on ...
2020 online trade set to hit B220bn
Thailand’s e-commerce, excluding business-to-business engagement, is expected to grow 35% to 220 billion baht in 2020, driven by the coronavirus outbreak, says Priceza, a price comparison shopping website.Meanwhile, the competition between social commerce and e-marketplaces is expected to intensify.“In the post-Covid-19 world, the online channel ...
Suchit Leesa-Nguansuk
Thai Chamber of Commerce mulls CPTPP
The Thai Chamber of Commerce is pondering whether to back a controversial proposal to have Thailand join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to boost international trade in the aftermath of Covid-19.The trade agreement involving a newly formed bloc of 11 Pacific ...
Phusadee Arunmas
Cross-border movement down 7.6%
Thailand’s cross-border trade fell by 7.6% year-on-year in the first quarter as the coronavirus hit the global economy and led bordering countries to close dozens of checkpoints.The Foreign Trade Department on Tuesday said the country’s overall cross-border trade, including transit trade, totalled 264.97 billion baht ...
Phusadee Arunmas
Cross-border activity slips to start year
Thailand’s cross-border trade fell by 6.5% year-on-year in the first two months of 2020 as the spreading coronavirus snarled the global economy and logistics systems, particularly in southern China.The Foreign Trade Department on Tuesday said the country’s overall cross-border trade, including transit trade, totalled 171.31 ...
Phusadee Arunmas
Commerce Ministry sees possibility for 2020 export growth
Despite exports falling in February and the stampede of negative factors that have ensued, the Commerce Ministry still sees room for Thai export growth this year.Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said Thailand is competent in the food and agricultural industries ...
Phusadee Arunmas
Partners vow to press on with signing RCEP deal
Dialogue partners remain committed to signing the Regional Comprehensive Economic Partnership (RCEP) by the end of the year as scheduled despite the spreading coronavirus, which has put off most face-to-face meetings of Asean, the World Trade Organization, the Asia-Pacific Economic Cooperation and the RCEP in ...
Phusadee Arunmas
LTFT forecasts land exports to dip
Land transport from Thailand is expected to drop sharply this year.The Land Transport Federation of Thailand (LTFT) expects shipments overland to continue to drop because of the Covid-19 outbreak limiting demand worldwide.The organisation is concerned food exports will be particularly affected as food products and ...
Lamonphet Apisitniran