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The Latest Breaking News from Commerce Ministry

US, China trade war escalates, Beijing ups retaliatory tariffs to 125 pc

Stock markets in Europe were trading down Friday morning after China hiked its retaliatory tariffs on the United States to 125% from 84%. Read more at Dynamite News.

Dynamite News

China announces countermeasures by raising tariffs on US goods from 84% to 125% from Saturday

China has announced countermeasures by raising tariffs on U.S. goods from 84% to 125% starting Saturday

The Independent UK

Trump confirms 104% tariffs will be imposed on China in massive escalation of trade war

China has vowed to ‘fight to the end’ in a trade war

Evening Standard

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US Implements Export Controls On Semiconductors Amid China Tensions

US imposes export controls on semiconductors to curb China's military and tech advancements, sparking tensions.

Top News

China to impose controls on exports of aviation and aerospace equipment

China's Commerce Ministry has announced it will restrict exports of aviation and aerospace-related equipment and technology beginning July 1

The Independent UK

Optimistic on trade agreement ahead of elections: Swiss, Norway Ministers

European Free Trade Association and India are close to a Trade and Economic Partnership Agreement, with talks on IPRs, goods and services, and more ongoing.

The Hindu

Sri Lanka, Bangladesh mull over joining RCEP bloc

Sri Lanka, Bangladesh eye RCEP membership: Four years after India's exit, neighbours consider joining 15-nation trading bloc. Sri Lanka has applied, Bangladesh to decide after elections. Joining RCEP would take them out of subcontinental trade, enable access to Asian economies. India's neighbours joining RCEP a "development of concern" for India.…

The Hindu

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China says EU probe into Chinese electric vehicle exports, subsidies is protectionist

China's Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles, saying it is a protectionist action aimed at distorting the supply chain

The Independent UK

Department clamps down on protected wood shipments

The Commerce Ministry has issued two regulations prohibiting the importation of timber, processed wood and wooden artefacts, unless traders hold a certificate of import, in addition to barring phayung (Siamese rosewood) exports.

Bangkok Post

Thailand urged to focus on wellness

Thailand's health economy boasts very high growth potential as the world is increasingly aware of the importance of health and self-care, according to a Commerce Ministry study.

Bangkok Post

Fruit exports to China to grow 10%

Fresh fruit exports to China are anticipated to increase by at least 10% this year based on better land transport flow as cross-border trade facilitation improves.

Bangkok Post

Corporate registrations increase by 28% in March

The number of newly registered Thai companies rose 28% year-on-year in March, with combined registered capital skyrocketing by 1,055%, according to a Commerce Ministry report.

Bangkok Post

Inflation to ease as food, fuel prices fall

Thailand's headline inflation is expected to decelerate this month after growing during January and February.

Bangkok Post

Inflation eases to 13-month low; exports seen down

Thailand's headline inflation dropped to its lowest rate in 13 months in February and came in below expectations, Commerce Ministry data showed on Tuesday, helped by easing energy and food prices.

Bangkok Post

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Bangkok Post

Headline CPI up 3.79% y/y in Feb, less than forecast

The headline consumer price index (CPI) rose 3.79% in February from a year earlier, less than analyst forecasts, due mainly to lower energy and food prices, Commerce Ministry data showed on Tuesday.

Bangkok Post

Local+ project aims to raise community income

The Commerce Ministry has launched the Local+ project to increase income for low-income earners by identifying and supporting local products in three categories: bio-, circular and green (BCG), innovation and identity.

Bangkok Post

Thai exports expected to contract in first quarter

Thai exports are expected to contract in the first quarter, but they are likely to start recovering from the second quarter, according to the Commerce Ministry.

Bangkok Post

Ministry preps mini-FTA with Shenzhen

The Commerce Ministry on Wednesday clinched a memorandum of understanding to form a deeper trade partnership through a mini-free trade agreement (mini-FTA) with Shenzhen in China, aiming to grow trade between Thailand and the southeastern metropolis by 5% to 910 billion baht in 2024.

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Bangkok Post

Demystifying sticky Thai goods prices

Thailand may be unique in handling the domestic prices of products and services. Whenever manufacturers and business operators shoulder higher production costs and ask state units for permission to raise their prices, the Internal Trade Department always rushes to call a joint meeting with them.

Bangkok Post

January rice export volume up 75.2% y/y

Thailand's rice exports for January were at 805,519 tonnes, up 75.2% from a year earlier, helped by year-end orders, higher demand from the Middle East and a weak baht currency, the Commerce Ministry said on Monday.

Bangkok Post

Foreigners set to invest B100bn this year

The Commerce Ministry remains bullish about Thailand's foreign investment prospects, forecasting a minimum of 100 billion baht in inflows this year.

Bangkok Post

Crude palm oil exports set to hit 1m tonnes

Crude palm oil exports may reach 1 million tonnes this year, up from 919,000 tonnes last year, driven by a higher supply of oil palm and strong demand from India and China, according to the Commerce Ministry.

Bangkok Post

Economic gains ease cost pressure on producers

The Commerce Ministry insists pressure on domestic manufacturers to raise product prices has declined as sales improve, the government issues stimulus measures, discount campaigns are organised nationwide by the ministry to reduce the cost of living, and a surge of foreign tourist arrivals drives economic activities.

Bangkok Post

Ministry targets top 5 rank for exports in Asia

The Commerce Ministry says it wants Thailand to become one of the largest exporters in Asia by 2027.

Bangkok Post

Ministry preps 450 events

The Commerce Ministry is set to organise as many as 450 activities to stimulate exports this year, focusing mainly on four potential markets: the Middle East, South Asia, China, and Cambodia, Laos, Myanmar and Vietnam (CLMV).

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