The new director-general of the Thai Ministry of Commerce’s Department of Foreign Trade, Ronnarong Phoolpipat, said on October 3 that he will give priority to promoting cross-border trade and government-to-government (G2G) rice deals with China to serve economic recovery post COVID-19.
Bangkok (VNA) – The new director-general of the ThaiMinistry of Commerce’s Department of Foreign Trade, Ronnarong Phoolpipat, saidon October 3 that he will give priority to promoting cross-border trade andgovernment-to-government (G2G) rice deals with China to serve economic recoverypost COVID-19.
He stressed that the agency’s most important agenda is toboost cross-border trade, as its value rose to 1.15 trillion baht (30.4 billionUSD) in the first eight months of 2022, up 3.18% year-on-year.
Of the total, cross-border export rose slightly at 0.11% to682.84 billion baht, while imports increased by 7.98% to 471.02 billion baht.
According to him, weakened baht and recovering Myanmar andLaos economies were the main factors boosting cross-border trade this year. Therising demand for energy alone has expanded Thailand’s exports to Myanmar andLaos by 100% and 115% year-on-year, respectively.
The department will also focus on G2G contracts to sell rice toChina under the Thailand-China high-speed rail cooperative framework, he said,adding that under the contract, China will purchase 2 million tonnes of ricefrom Thailand.
So far 720,000 tonnes have already been shipped. The department will work with the Chinese government to push for the rest of the shipment assoon as possible, he affirmed./.
The Ministry of Finance will hold talks with the Bank of Thailand to discuss and delve into the factors behind the weakening baht, Minister of Finance Arkhom Termpittayapaisith has said.
Thailand is seeking to attract more US investment in the Eastern Economic Corridor (EEC), particularly its renewable energy, digital economy and smart electronics sectors.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Thai rice (Photo: AFP/VNA) 
