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The Latest Breaking News from Commerce

Commerce Department unveils semiconductor chip implementation plan

The U.S. Department of Commerce detailed Tuesday how it plans to roll out around $50 billion in funding for domestic semiconductor chip manufacturing.

Tribune News Service

Raimondo announces strategy to boost US chip manufacturing ahead of Biden’s Ohio trip

WASHINGTON — Commerce Secretary Gina M. Raimondo on Tuesday unveiled a strategy for the Commerce Department’s disbursal of $50 billion that Congress approved to boost domestic manufacturing of semiconductor chips, saying she expected the first money to flow in the spring of 2023.

Tribune News Service

Merchandise exports remain flat at $33 billion in August

Exports shrink 1.15% to $33 billion, imports rise above $60 billion widening trade deficit

The Hindu

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Biden administration awards $1 billion for economic projects

Commerce Secretary Gina Raimondo is announcing $1 billion worth of federal grants for manufacturing, clean energy, farming, biotech and other sectors

The Independent UK

Saudi Arabia, Thailand Sign 5 Agreements, Establish Business Council

Saudi Arabia and Thailand signed in Riyadh on Monday five commercial agreements and established the Saudi-Thai Business Forum. Thai Deputy Prime Minister and Commerce Minister Jurin Laksanawisit confirmed that the two countries would advance towards the most comprehensive cooperative scope, covering all vital sectors. Laksanawisit addressed the Saudi-Thai Business Council…

Asharq Al-Awsat

Riyadh to help seal Gulf free trade deals

Saudi Arabia has agreed to help Thailand push for a free trade agreement (FTA) with members of the Gulf Cooperation Council, according to Commerce Minister Jurin Laksanawisit on Monday.

Bangkok Post

Bid to boost Thai goods in Saudi stores

The Commerce Ministry has teamed up with luxury retailer Manuel Market and LuLu Hypermarket to boost Thai exports to Saudi Arabia.

Bangkok Post

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July exports rise 4.3% y/y, below forecast

Thailand's exports in July rose at their slowest pace in more than a year as global economic growth slowed and supply chain disruptions increasingly affected shipments of industrial goods, Commerce Minister Jurin Laksanawisit said on Friday, missing analysts' expectations.

Bangkok Post

US Senator Arrives in Taiwan, Defying Angry Beijing

A US senator who sits on the Senate's Commerce and Armed Services Committees arrived in Taiwan on Thursday, the third such visit this month and defying pressure from Beijing for such trips not to take place. China, which claims Taiwan as its own territory against the strong objections of the…

Asharq Al-Awsat

Calls for change as WA continues to evade new building accessibility standards

While most other states and territories across Australia have agreed to make new buildings more accessible for those with a disability, WA refuses to do so.

ABC News

Maize strategic plan ready for cabinet consideration

Commerce Minister Jurin Laksanawisit looks set to propose to the cabinet for its approval a 3-year strategic plan for maize cultivation, aiming to expand the amount of farmland used for cultivating the crop in 37 provinces and put greater focus on increasing farmers' productivity.

Bangkok Post

Federal Court Ruling Paves Way For Cannabis Interstate Commerce; Costa Rica Plans To Legalize Marijuana & More Industry News

Maine Court Ruling Paves Way For Interstate Commerce A federal appellate court ruling in Maine may lead to interstate cannabis commerce, Marijuana Moment reported.

Benzinga

How US gun laws and South Florida ports help fuel Haiti’s escalating gang violence

MIAMI — When the cargo ship “Miss Lilie” left Miami one recent afternoon and pulled into port along Haiti’s northwest coast, it had all the markings of a legitimate government operation.

Miami Herald

B8 is too much for instant noodles, says commerce minister

Instant noodle manufacturers' requested two-baht-per-serving price increase is too much, according to Commerce Minister Jurin Laksanawisit.

Bangkok Post

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Bangkok Post

Department urged to help stimulate exports to China

Commerce Minister Jurin Laksanawisit has ordered the International Trade Promotion Department to speed up the organisation of online business matching with Chinese and Hong Kong importers to boost Thai exports to China after China hit Taiwan with trade curbs amid tensions over the visit of US House Speaker Nancy Pelosi…

Bangkok Post

Digital content in line for revenue surge

The Commerce Ministry has vowed to continue supporting and promoting the digital content industry, aiming to raise 3.5 billion baht's worth of digital content export revenue this year, up from 1.8 billion baht last year.

Bangkok Post

Govt plots more India 'mini-FTAs'

The government is planning to sign agreements with several states in India to boost trade between the countries, said Commerce Minister Jurin Laksanawisit.

Bangkok Post

Thai delegation to visit Saudi next month

The Commerce Ministry will lead a trade mission to Saudi Arabia next month to strengthen business partnerships between Thailand and the Middle Eastern country, in a bid to grow Thai exports by 20%.

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Bangkok Post

Export promotion set to be ramped up

The Commerce Ministry has vowed to beef up its export promotion plans, with the signing of mini-free trade agreements and the projection of soft power around the world among its objectives.

Bangkok Post

Exports beat forecast on high global demand

Thailand's customs-based exports rose by a more than expected 11.9% in June from a year earlier, helped by increased global demand as well as a weak baht, Commerce Minister Jurin Laksanawisit said on Wednesday.

Roll Call

How the 'chips-plus' bill grew by nearly 1,000 pages - Roll Call

A handful of senators said they wouldn’t support a semiconductors incentive bill unless it also included science provisions.

Bangkok Post

Biden presses Congress to pass $52bn semiconductor subsidies

WASHINGTON: President Joe Biden on Monday pushed Congress to pass a bill providing domestic semiconductor manufacturers with $52 billion in subsidies to cut reliance on foreign sourcing for the vital component.

Tribune News Service

Democrats blast Commerce Department for overseeing heavy increase in gun exports

WASHINGTON — Democrats in the House and Senate are rebuking the Biden administration over a decision to leave in place a Trump-era regulatory change that detractors argue caused gun exports to soar, including to countries with poor human rights track records.

Roll Call

Democrats blast Commerce for overseeing heavy increase in gun exports - Roll Call

Countries with high rates of gun violence and problematic human rights records are among the top destinations for U.S. firearms.

Tribune News Service

Lawmakers press Commerce secretary over Big Tech ties

WASHINGTON — Two influential progressive lawmakers are raising concerns about what they say is excessive corporate influence at the Commerce Department, escalating a clash between the left wing of the Democratic Party and Commerce Secretary Gina Raimondo.

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