Thailand’s Commerce Ministry is closely monitoring prices of 18 categories amid rising production costs, adjusted minimum wage, and increased transport costs.
The Commerce Ministry of Thailand has said that it will boost the economic value of small- and medium-sized enterprises (SMEs) by stimulating consumption, investment, government spending, and international trade, with a goal to increase their GDP contribution to 40% by 2027.
Thailand’s Commerce Ministry recently signed a memorandum of understanding (MoU) to form a deeper trade partnership through a mini-free trade agreement (mini-FTA) between Thailand and China’s Yunnan province.
Thailand’s Commerce Ministry has launched the Local+ project to increase income for low-income earners by identifying and supporting local products in three categories: bio-, circular and green (BCG), innovation and identity.
Thailand’s Commerce Ministry has vowed to continue ramping up export promotion activities in the remaining months of 2022, with the aim of raising export revenue to 285 billion USD by year-end, hitting the ministry's target and an uptick from 271 billion USD in 2021.
Thailand’s total trade with neighbouring countries, including cross-border trade, came in at 141.07 billion THB (4.22 billion USD) in January, up 9.49 percent year on year.
Thailand’s Commerce Ministry looks set to propose negotiation frameworks for the Thailand-EU free trade agreement (FTA) and ASEAN-Canada FTA for cabinet approval in the third quarter, aiming to boost the country's exports.
The Commerce Ministry of Thailand has teamed up with the Agriculture Ministry to adjust a fruit management plan, focusing on the domestic market to offset exports hit hard by the coronavirus pandemic, local media reported.
The Commerce Ministry is preparing to wrap up consultations with relevant agencies and organisations across the country on a proposal to resume free-trade talks with the European Union.
Thai media on February 9 quoted Deputy Prime Minister Somkid Jatusripitak as saying that he had ordered the Commerce Ministry to submit a request to become a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The Commerce Ministry of Thailand is considering to reduce the period for coconut imports and introduce tighter control on importers to address the domestic coconut price slump.
Thailand must join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a newly formed bloc of 11 nations in Asia-Pacific without the US, and the Regional Comprehensive Economic Partnership (RCEP), Thai Deputy Prime Minister Somkid Jatusripitak said on March 22.