The initiative, developed in coordination with the US Trade Representative Office, is intended to address longstanding concerns over IP protection and enforcement.
Thai Prime Minister Paetongtarn Shinawatra encouraged the acceleration of the "Thai Select" initiative, which certifies high-quality Thai products to promote exports, particularly to assist Thai restaurants abroad in using quality Thai ingredients, which benefits farmers' incomes.
The Thai government is accelerating negotiations for the BIMSTEC Free Trade Agreement (FTA) to secure one of the world's largest free trade agreements.
The Thai National Shippers' Council (TNSC) on September 5 downgraded its export forecast for this year to a contraction of 1% from its previous forecast, which ranged from a contraction of 0.5% to a 1% increase, citing weak global demand.
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.
The COVID-19 crisis has resulted in a serious labour shortage in factories, and hard hit Thailand’s exports, its main economic engine, according to CEOs surveyed by the Federation of Thai Industries (FTI).
The Thai National Shippers' Council (TNSC) on August 12 asked the Bank of Thailand to seek ways to relieve pressure on exports as the baht continues to strengthen.
The Ministry of Commerce has held a meeting of the Joint Public and Private Sector Consultative Committee (JPPSCC) to seek measures to stimulate Thai exports which has been affected by the trade dispute between the US and China.
The Trade Policy and Strategy Office (TPSO) of Thailand revealed that Thai exports rose by 12.3 percent in April due to a higher demand for farm produce.
Thailand’s export turnover increased almost 8.5 percent to 539.84 billion TBH (equivalent to 16.88 billion USD) in April, making two consecutive months of growth.