The Latest Breaking News from Commerce

Thailand's cannabis market is expected to grow by about 15% a year between 2023 and 2025, with the market value forecast to reach up to 43 billion baht in 2025, according to the latest study by the University of the Thai Chamber of Commerce (UTCC).

The Biden administration is investigating Chinese telecoms equipment maker Huawei over concerns that U.S. cell towers fitted with its gear could capture sensitive information from military bases and missile silos that the company could then transmit to China, two people familiar with the matter said.

The Biden administration is reviewing policies for the export of some semiconductor chips to China to ensure that advanced technological know-how does not ending up in Beijing, a top Commerce Department official said during a congressional hearing on Thursday.

The Commerce Ministry wants to increase Thai exports to South Korea to 200 billion baht over the next three months after signing a memorandum of understanding on Tuesday to form deeper trade partnerships through a mini-free trade agreement (mini-FTA) with Busan.

A 1942 decision about the Commerce Clause takes on new importance post-Roe.

WASHINGTON — House appropriators in June finished marking up a dozen spending bills for fiscal 2023 that would altogether provide at least $15.6 billion for cybersecurity efforts across federal departments and agencies.

House appropriators approved more than $15.6 billion in the 12 spending bills to prevent “increasingly pervasive cyber-attacks.”

Commerce Secretary Gina Raimondo on Sunday predicted slower economic growth as the country grapples with inflation but said that won’t necessarily mean a recession, which is marked by two straight quarters of negative economic growth.

The Commerce Ministry has teamed up with the Thai Rice Mills Association, Thai Rice Packers Association and petrol stations to sell 1.5 million kilogrammes of packaged rice at a discount of up to 48% or 5-100 baht to help mitigate the cost of living.