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The Latest Breaking News from Commerce Ministry

Thailand establishes mini-FTA with Busan

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.

Bangkok Post

Producers' plea for price bump ignored

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.

Bangkok Post

Ministry unveils discount packaged rice measure

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.

Bangkok Post

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Weak baht 'driven by external factors'

Thailand's weakening baht is being driven down by external factors and the central bank is closely monitoring the situation, Finance minister Arkhom Termpittayapaisith said, with the currency trading at its weakest level in more than five years against the dollar.

Bangkok Post

Inflation close to hitting 14-year high

Price pressures will persist into the third quarter, the Commerce Ministry has admitted, after the country's headline inflation rate hit a near-14-year high in June.

Bangkok Post

Commerce Ministry trying to keep prices from rising

The Commerce Ministry is trying to maintain consumer product prices for as long as possible but has admitted to production cost hikes.

Bangkok Post

Eatery registrations robust

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.

Bangkok Post

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Fertiliser crisis prompts talks with Saudis

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.

Bangkok Post

No price rise for bagged retail rice

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

Bangkok Post

Saudi Arabian authorities seize rainbow toys for 'promoting homosexuality'

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

ABC News

Shippers deny coconut milk rumour

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.

Bangkok Post

Events slated in India to spur exports

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.

Bangkok Post

Prices will be kept down as long as possible, says minister

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.

Bangkok Post

Jurin stands firm on noodle prices

Despite mounting calls for a hike in instant noodle retail prices by producers, Commerce Minister Jurin Laksanawisit remains adamant the price will remain frozen.

Bangkok Post

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Bangkok Post

May inflation near 14-year high, but policy rate seen on hold

Thailand's headline inflation rose at a much faster pace than expected in May, hitting a high of nearly 14 years on soaring energy prices and the end of some government support measures, a trend the Commerce Ministry said would likely continue.

Bangkok Post

Hemp to be promoted in textile industry

The Commerce Ministry looks set to promote and upgrade hemp fibre in the Thai textile industry as it offers high potential in the global market under the popular bio-, circular and green economic model.

The Hindu

NGOs protest Commerce Ministry inaction on WTO COVID-19 vaccine proposal

They write to Prime Minister asking him to renegotiate the draft proposal to waive intellectual property rights on vaccines and highlight the need for active engagement to improve it

Bangkok Post

Roof producers seek AD waiver extension

Thai steel roofing producers have called on the Commerce Ministry to help extend anti-dumping (AD) duty waivers or scrap the AD measures on imported steel used in metal sheet production.

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Bangkok Post

Child safety seat price-fixing probed

The Commerce Ministry has ordered an investigation into complaints that some vendors have marked up prices of child booster seats for cars following an announcement of a new regulation that will make them mandatory.

Bangkok Post

Ministry to place greater focus on global megatrends

The Commerce Ministry vows to beef up exports of products related to global megatrends, particularly in the bio-, circular and green (BCG) economy, soft power and carbon market to help rehabilitate the economy battered by Covid-19 and the Russia-Ukraine war.

Bangkok Post

Jurin's fruit campaign to encourage Thai consumption

The Commerce Ministry is beefing up fruit promotion campaigns to stimulate domestic consumption and offset lower exports of the food, which are being hit hard by the ongoing closure of China's key border checkpoints.

Bangkok Post

Ministry to host Apec trade talks

The Commerce Ministry is set to host Asia-Pacific Economic Cooperation (Apec) trade ministers in Bangkok, with renewed talks on the long-delayed Free Trade Area of the Asia-Pacific (FTAAP) and open economies topping the agenda.

Bangkok Post

Inflation attached to energy prices after April cooling

Thai inflation in May is expected to rise in lockstep with energy prices, which remain at a high level compared with 2021, after the headline rate increased 4.65% year-on-year in April, according to the Commerce Ministry.

Bangkok Post

April headline inflation rises 4.65% y/y, less than forecast

Thailand's headline consumer price index (CPI) in April rose 4.65% from a year earlier, driven by higher energy and food prices, the Commerce Ministry said on Thursday, though the figure came in below forecasts.

Bangkok Post

Cabinet okays zero-tariff maize deal

The cabinet on Tuesday approved a Commerce Ministry proposal to import up to 600,000 tonnes of maize with zero tariffs from May to July, aiming to ease a shortage of animal feed ingredients following the disruption caused by Russia's invasion of Ukraine.

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