trade

  • Economy NewsThai exports will suffer from Trump decision

    Thai exports will suffer from Trump decision

    US President Donald Trump announced on Friday that the US will suspend 1.3 billion dollars worth of duty-free trade for certain items from Thailand, claiming that Thailand has not taken steps to protect labor rights. In a letter to US House of Representatives Speaker Nancy Pelosi and Vice President Mike Pence, Trump said he had suspended duty-free treatment because Thailand…

  • Economy NewsLocal investor sentiment dampened by Brexit woes and slump in Chinese economy

    Local investor sentiment dampened by Brexit woes and slump in Chinese economy

    The British pound fell today as investors fret over PM Boris Johnson’s chances of pushing his Brexit deal through the British parliament, while Asian markets were mostly down after data showed China’s economy expanded at its slowest pace in nearly three decades. The pound rallied almost to US$1.30 yesterday following news that negotiators had hammered out an agreement that would…

  • World NewsEU and UK zone in on possible breakthrough

    EU and UK zone in on possible breakthrough

    “Even if a text is prepared for the leaders this week, any deal would have to be approved by a skeptical British parliament, which holds a special session on Saturday.” by Dave Clark British and European negotiators headed back into intense negotiations on a draft Brexit deal after late-night talks brought them closer but so far fails to confirm an…

  • World NewsUS will slap tariffs on EU following Airbus trade ruling

    US will slap tariffs on EU following Airbus trade ruling

    PHOTO: Airbus factory in Toulouse, France – Manatour.fr The US is making more trade waves, in addition to its long-running trade war with China. Now it’s taking on the largest trade bloc in the world – the European Union. Aircraft and agricultural items from Europe will now be subject to US tariffs in the latest round of a long legal…

  • World NewsChina’s exports fell last month in lead up to next month’s trade talks

    China’s exports fell last month in lead up to next month’s trade talks

    China’s exports fell 1% on-year last month amid the bruising trade war with the US that is disrupting markets in the world’s top two economies. The drop comes after a surprise 3.3% rebound in July despite the year-long battle with the US and weakening global demand. But economists cited by Bloomberg had forecast a 2.2% rise ahead of the release of…

  • World NewsThe Thai charm-offensive on the South Korean President

    The Thai charm-offensive on the South Korean President

    Thai PM Prayut Chan-o-cha is inviting South Korean investors to increase their investment and trade with Thailand. The PM says Cabinet will consider offering incentives for South Korean businesses to invest in the country. South Korean President Moon Jae-in capped off an official two day visit to the Kingdom yesterday. The Thailand-Korea Business Forum was held yesterday in Bangkok with…

  • World NewsSouth Korean President in Thailand to sign trade agreements

    South Korean President in Thailand to sign trade agreements

    PHOTOS: The Nation PM Prayut Chan-o-cha and his wife Naraporn Chan-ocha, have welcomed South Korean President Moon Jae-in and his wife Kim Jung-sook to Government House in Bangkok this morning in the midst of an official state visit that continues tomorrow. A government spokesperson says that this was President Moon’s first official visit to Thailand since assuming his post in May…

  • Business NewsUS-China tit-for-tat rattles Asian markets after Trump’s ‘tariff tantrum’

    US-China tit-for-tat rattles Asian markets after Trump’s ‘tariff tantrum’

    US President Trump has caused widespread panic in Asian financial markets today after Fridays “tariff tantrum” where he used Twitter to announce new levels of tariffs on Chinese imports after China announced their response to his previous ramping up of the ongoing trade war between Washington and Beijing. Asian shares have headed southward today after the President escalated tariffs in…

  • Business NewsCurrencies and stock exchanges flutter as the dust settles on the latest threats in the US-China trade spat

    Currencies and stock exchanges flutter as the dust settles on the latest threats in the US-China trade spat

    Central banks in India, Thailand and New Zealand cut interest rates this week in an attempt to fend off any harm from the spiralling US-China trade war. The escalation of the trade war, sparked by fresh US tariff threats by US President Trump over the weekend, is seen as the reason for the policy shift. On Monday, the People’s Bank…

  • Business NewsBoard of Trade want Bank of Thailand to urgently address the baht

    Board of Trade want Bank of Thailand to urgently address the baht

    PHOTOS & GRAPHIC: The Nation The Board of Trade are meeting with the Bank of Thailand tomorrow (August 8) to discuss the value of the Thai baht, its appreciation against the US dollar and Chinese yuan, and the impact on the country’s exports. Sanan Angubolkul, the Board of Trade’s vice chairman, speaking to The Nation, says the baht has appreciated around…

  • World NewsWeekend RCEP meeting move closer to the world’s biggest trading bloc

    Weekend RCEP meeting move closer to the world’s biggest trading bloc

    PHOTO: Asia Nikkei Whilst the UK looks to walk away from the EU trade bloc and the US continues to ramp up the trade war with China, the formation of the Regional Comprehensive Economic Partnership (RCEP), which would be the largest trade bloc in the world, continues to gather pace. The RCEP, initiated by ASEAN in 2012, is a proposed…

  • Politics NewsThailand and EU prepare for signing of a strategic trade partnership

    Thailand and EU prepare for signing of a strategic trade partnership

    Thailand and the European Union are ready to sign a draft Strategic Partnership and Cooperation Agreement to promote bilateral trade and investment in the future. Federica Mogherini, an EU Representative for Foreign Affairs and Security Policy, and vice chairwoman of the European Commission, met today with PM Prayut Chan-o-cha during her visit to Thailand to attend the ASEAN Plus Foreign…

  • Business News“Very dangerous” Huawei could be part of a US-China trade deal

    “Very dangerous” Huawei could be part of a US-China trade deal

    President Donald Trump has reiterated his complaints against China’s Huawei Technologies but conceded that they could be resolved as part of a negotiated US-China trade deal. Without providing evidence, he went on to call the Chinese telecommunications giant “very dangerous.” The US has virtually banned firms from conducting business with Huawei, the world’s largest telecom manufacturer, citing unspecified national security…

  • Business NewsExport growth expected to be the lowest in four years

    Export growth expected to be the lowest in four years

    Export growth for Thailand this year is is now being pegged at less that 1%, the lowest growth in four years. Mr. Ath Pisarnwanich, director of the International Trade Study Centre at the University of Thai Chambers of Commerce is saying the low growth is a result of both the escalating US-China trade war and the Vietnam-EU free trade agreement. The…

  • Business NewsUrgent meetings to consider impact of US-China trade war on Thai exports

    Urgent meetings to consider impact of US-China trade war on Thai exports

    The Thai government is reacting quickly to perceived threats to the Thai export business by the ongoing US-China trade wars which have been ramped up in the past week by, firstly, US President Donald Trump rising the tariffs on a raft of additional Chinese items. Then China announced yesterday that it will impose tariffs on US$60 billion of US goods from June…

  • World NewsUS-China trade tensions reverberate around the world

    US-China trade tensions reverberate around the world

    New global diplomatic and economic fault lines are appearing, with new and untested consequences emerging. ‘Volatile’ does’t even start to describe the current situation. US President Donald Trump’s combative stance, made clear with a new round of import tariffs imposed, continues to upend decades of trade diplomacy and cautious negotiations as he tries to coax China to change their trading…

  • Business NewsThai businesses feeling pinch from china-US trade wars

    Thai businesses feeling pinch from china-US trade wars

    Since the US China trade war kicked off in the middle of 2018, Thai businesses have begun to feel the pinch as indicated by a small downward trend in Thai export numbers. In the short run, some Thai export items may benefit from trade diversion as US and Chinese importers shifted to certain Thai products to avoid punitive tariffs. However, indirect…

  • Business NewsThailand ‘slightly impacted’ from a no deal Brexit

    Thailand ‘slightly impacted’ from a no deal Brexit

    The EU has agreed to postpone Brexit from next Friday and give UK PM Theresa May time to get her deal approved in Parliament. The PM had hoped to persuade the EU to delay the March 29 Brexit date, set in law, to June 30. But the EU country leaders have offered her two dates… A delay until May 22…

  • World NewsVietnam and Thailand head toward billion in two-way trade

    Vietnam and Thailand head toward $20 billion in two-way trade

    FILE PHOTO Việtnam and Thailand are poised to reap the benefits of a US$20 billion two-way trade deal by 2020. A meeting of the Joint Committee on Bilateral Cooperation wrapped up in Thailand yesterday. The two-day meeting was co-chaired by Vietnamese Deputy PM and Foreign Minister Phạm Bình Minh together with the Thai Foreign Minister Don Pramudwinai. The two sides agreed…

  • Northern Thailand NewsChiang Rai Governor Prajon hosts seminar to develop SEZs in northern Thailand

    Chiang Rai Governor Prajon hosts seminar to develop SEZs in northern Thailand

    PHOTO: Chiang Rai Times Chiang Rai Governor Prajon Prachsakul presided over the opening of the Special Economic Zone Policy Committee seminar held at the Teak Garden Resort. The seminar was designed to mobilise the development of special economic zones and promote public participation in the northern province project. According to the Chiang Rai Times, Governor Prajon told attendees that the…