trade
- World News
UPS says Thailand and Indonesia cargo traffic are winners in trade war
Supply chains are quickly adapting to the US-China trade war and Thailand, Indonesia and Japan are the biggest growth markets in Asia for UPS, according to the American international package delivery and global logistics service. UPS’s COO Jim Barber says there is no question that cargo volume from China to the US has significantly decreased but, with some manufacturers moving…
- Business News
“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 News
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 News
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…
- Environment News
Thailand to re-open the export of elephants after a 10 year ban
After more than ten years with a ban on the export of Thai elephants, Thailand’s Foreign Trade Department is now poised to ease restrictions paving the way for the export of the protected species for ‘non-commercial purposes’. The director-general of the Foreign Trade Department, Mr. Adul Chotenisakorn, says the Ministry of Commerce issued a new regulation on April 10 to…
- Business News
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 News
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 News
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…
