Economy and commerce

Last week’s TIFA meeting between Thailand and the United States was a success, particularly regarding the GSP extension for Thai products, and a request for the U.S. not to raise the tax for steel and aluminum from Thailand. The Ministry of Commerce’s Permanent-Secretary Nuntawan Sakuntanaga revealed ...

An academic at Thailand’s Rangsit University, Anusorn Thamjai, says the US, UK and French air strikes on Syria could drive up crude oil prices to 100 dollars per barrel. Anusorn said the prices have already reached the highest level in 3 years since the coalition launched ...

The Ministry of Commerce is keeping an eye on an expected car tariff cut by the Australian government, believing it would spur the Thai car building industry if the cut is realized. Keep reading ...

The Asian Development Bank raised its 2018 economic growth estimate for developing Asia to 6% from 5.8%, citing solid export demand, but said US protectionist measures and any retaliation against them could undermine trade.Keep reading ...

Commerce Minister Sonthirat Sonthijirawong confirmed that the United Kingdom was interested in expanding trade and investment with Thailand, especially regarding investment in the Eastern Economic Corridor (EEC) project. Keep reading ...

Thailand emerged high on Donald Trump’s trade offensive list, meeting all three criteria in the upcoming currency report used by the US president, according to regional analysts. The criteria are the size of trade surplus with the US, magnitude of current-account surplus relative to the ...

Confidence is riding high according to the Joint Standing Committee on Commerce, Industry and Banking. They report that the private sector remains confident about Thailand’s economic growth of 4.5% being maintained as exports and tourism continue to rise.Keep reading ...

The value of Thai rice exports in the first two months of 2018 was recorded at 30 billion baht. According to the Thai Rice Exporters Association, Thailand sold 1.9 million tons of rice worth 30.318 billion baht to overseas buyers around the world between January ...

The central bank has revised this year’s GDP growth target to 4.1% and export growth target to 7%.  The Monetary Policy Committee of the Bank of Thailand (BoT) said it expected the country’s GDP to expand by 4.1% this year, 0.2% higher than its previous ...

Kasikorn Research Center (KSC) has maintained its economic growth forecast for Thailand at 4% this year despite US trade barriers. The KRC claimed even though the US’s imposition of tariffs on certain import goods would affect many countries in different ways, the impact would be ...