Economy
Thai Chamber of Commerce Urges Swift Conclusion of US-Thailand Trade Agreement
The Thai Chamber of Commerce is backing government efforts to finalize the Agreements on Reciprocal Tariff (ART) with the United States to boost export competitiveness.
According to a report by Khaosod Online Thailand, the Thai Chamber of Commerce (TCC) has expressed strong support for Deputy Prime Minister and Minister of Commerce Supajee Suthumpun’s initiative to expedite the Agreements on Reciprocal Tariff (ART) with the United States. Poj Aramwattananon, Chairman of the TCC, stated that establishing a clear trade framework is essential to reducing business uncertainty, allowing entrepreneurs to plan production, investment, and exports with greater confidence.
The TCC specifically supports the government’s push to include more Thai products on the U.S. tax exemption list. The focus is on goods with high local content and those that add value through domestic manufacturing processes. This strategy is intended to benefit the broader Thai economy, particularly in sectors where Thailand holds a competitive advantage, such as agriculture, food processing, fisheries, and pet food. These industries are deeply connected to local farmers, SMEs, and processing plants.
For residents and those involved in the Thai business sector, this development signals a potential shift in export costs and market access. However, the agreement remains in the negotiation phase. It is not yet confirmed which specific products will be included in the final tax exemption list or when the ART will be officially signed. Stakeholders are currently awaiting further updates from the Ministry of Commerce regarding the progress of these trade talks.
Translated from Thai.
SawaLife is not a news organisation. We classify and translate source material using automated processing and editorial controls; the original publication remains the authoritative context.