The Latest Breaking News from Commerce Ministry

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.

Despite manufacturers' insistence on the need to increase their product prices to cope with higher production and raw material costs, the Commerce Ministry remains adamant that prices should remain frozen.

Restaurant, food and tourism-related businesses are slowly recovering thanks to the country's reopening to international tourists and increased arrivals, reflected in the latest new business registration figures released by the Commerce Ministry.

The Commerce Ministry and Thai Chamber of Commerce plan to negotiate with fertiliser suppliers in Saudi Arabia about purchases in a move to address high prices and shortages in the country.

Retail prices for bagged rice will not rise, but some sellers could reduce promotional discounts due to rising costs, according to the Commerce Ministry.

Authorities in Saudi Arabia seize any rainbow-coloured toys and clothing for promoting homosexuality, according to Saudi state TV.

The Commerce Ministry and food exporters brushed aside reports that Walmart, the giant US retailer, is dropping a Thai coconut milk brand on allegations of forced monkey labour, insisting such practices are a relic of the past.

The Commerce Ministry is scheduled to organise export stimulus activities in Indian cities this year to raise export growth to the country to 8% this year worth US$9.21 billion.

The Commerce Ministry will ensure that prices of consumer goods are kept down for as long as possible, also taking producers' needs into account, the commerce minister said on Tuesday.