Thailand continues trade talks with US despite political turmoil
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
Bangkok (VNA) – The tariff negotiations between Thailand💮 and the US wil🔯l proceed despite domestic political tensions, Thai Minister of Commerce Pichai Naripthaphan said on June 20.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
Regarding the potential impacts of a cabinet reshuffle, he said it is too early to assess the situation.
The US Trade Representative (USTR) requested Thailand submit its initial proposal for tariff negotiation by June 20 (US time).
Earlier, Vuttikrai Leewiraphan, Permanent Secretary at the Ministry of Commerce and head of the negotiating team, expressed his confidence that discussions and the proposal could yield positive outcomes./.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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