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2 clusters · 4 sources · 2 days · First seen · Last updated
Thailand-US reciprocal trade negotiations
Overview
Thailand and the United States have moved toward a reciprocal trade agreement (ART) to protect Thai export competitiveness and jobs.
Initial negotiations focused on addressing U.S. investigations into structural overcapacity and ensuring fair tariff rates for Thai goods. These discussions were aimed at safeguarding a market valued at 2.37 trillion baht.
Following meetings in Washington between Thai Commerce Minister Suphajee Suthumpun and U.S. Trade Representative Jamieson Greer, the two nations reached a consensus. The agreement resolves issues related to Section 301 investigations concerning forced labor and structural overproduction. Under the new framework, the total import tariff burden on Thai products will be capped at a maximum of 19 percent, a significant reduction from the potential 36 percent previously facing Thai exporters. In exchange, Thailand has committed to increasing imports of energy, aircraft, and agricultural products from the United States, as well as increasing investments in the U.S.
Entities
Thailand · Public Debt Management Office · Suphajee Suthumpun · United States · Supajee Suthumpun
Timeline
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7 days ago
[BUSINESS] 2 sourcesThailand and U.S. reach agreement to cap trade tariffs at 19 percentThailand and the U.S. have reached a trade agreement to cap tariffs on Thai goods at 19 percent, resolving Section 301 investigations and protecting hundreds of thousands of Thai jobs.
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8 days ago
[BUSINESS] 2 sourcesThailand advances government bond sales and U.S. trade negotiationsThailand advances economic measures including a 4,000 million baht ‘Aom Plus’ government bond offering and progress on the Agreement on Reciprocal Trade with the U.S. to protect major export markets.
Sources
mekongasean.vn · naewna.com · thaipost.net · wochenblitz.com