World

Thailand seeks measures to support exporters

Sunanta Kangvalkulkij, director-general of the Department of International Trade Promotion (DITP) under the Ministry of Commerce, said staff have been instructed to come up with measures to assist affected businesses.

Cargo ships docked at Laem Chabang deep-sea port in Chon Buri. (Photo: bangkokpost.com)
Cargo ships docked at Laem Chabang deep-sea port in Chon Buri. (Photo: bangkokpost.com)

Bangkok (VNA) – Thailand’s Ministry of Commerce has said it will work closely with financial institutions to help Thai exporters weather the impact of the new tariffs imposed on Thai goods bound for the US.

The commitment was made after the US announced that Thai goods bound for the US will be subject to a 19% tax, starting on August 7.

The rate, markedly lower than the 36% initially announced by the US, was announced after the government agreed to eliminate import duties on over 10,000 items imported from the US.

Sunanta Kangvalkulkij, director-general of the Department of International Trade Promotion (DITP) under the Ministry of Commerce, said staff have been instructed to come up with measures to assist affected businesses.

They include extending soft loans to help affected businesses, identifying new markets for Thai goods, boosting efforts to prevent transshipment and curbing the sale of substandard goods.

The ministry is also slated to sign a memorandum of understanding (MoU) to bolster cooperation with the private sector and financial institutions in about two weeks.

The DITP chief said the department will use the 50 million THB (about 1.5 million USD) it received under government's 115-billion-THB economic stimulus package to assist in its efforts.
Staff are gathering information from affected businesses to determine what additional measures are required.

Commenting on the National Shippers' Council's projection that Thailand's export sector will grow by 5–7% this year, Sunanta said that the estimate is possible while the ministry's projects exports will grow by 2–3% this year.

She added that US importers of Thai goods have so far found the new tariff acceptable and comparable to those imposed on other countries in the region. Additionally, trade with new markets is showing promising signs, and the private sector is adjusting to the new rate./.

VNA
#Thailand #US #tariff #exporters #supports #private sector Thailand
Follow VietnamPlus

Related News

Illustrative image (Photo: VNA)

Thailand helps farmers sell surplus longan output

The Thai government is partnering with the private sector to support fruit growers, particularly longan farmers, amid oversupply, falling prices, and a concentration of production in limited regions.

BOI Secretary-General Narit Therdsteerasukdi (Photo: The Nation)

Thailand leverages strengths to draw foreign capital

BOI Secretary-General Narit Therdsteerasukdi said the 19% rate allows Thailand to remain competitive compared to other countries in the region, adding that investors in target industries have expressed confidence in proceeding with Thailand investments.

Chinese brands dominate Thailand's EV segment, with a combined share of over 70% of sales. (Photo: asia.nikkei.com)

Thailand adjusts EV policy to boost exports

Under the revised terms, one BEV produced for export will be counted as 1.5 vehicles toward a manufacturer's local production quota, making it easier to meet production commitments, according to the Board of Investment (BOI).

See more

A view of the international roundtable in Russia on June 8 on legal and institutional mechanisms for governmental cooperation to ensure peace and security in the East Sea (Photo: VNA)

Russian scholars propose measures to strengthen trust in addressing East Sea issue

The Russian scholars reaffirmed support for the peaceful settlement of disputes through diplomatic and legal processes, without the threat or use of force, in accordance with international law, particularly the 1982 United Nations Convention on the Law of the Sea (UNCLOS). They also emphasised the importance of maintaining peace and stability, freedom of navigation and overflight in the East Sea, and upholding the rule of law in the seas and oceans.

Dr. Kin Phea, Director General of the International Relations Institute of Cambodia (RAC). (Photo: VNA)

ASEAN Future Forum 2026: Important political message from Phnom Penh

Vietnam remains one of Cambodia’s most important neighbours in terms of security, economy, trade and people-to-people exchanges. Maintaining strong relations with Vietnam, therefore, serves Cambodia’s long-term national interests, said Dr. Kin Phea, Director General of the International Relations Institute of Cambodia (RAC).

Prime Minister Le Minh Hung delivers remarks at the opening session of the third ASEAN Future Forum. (Photo: VNA)

ASEAN Future Forum 2026 opens in Hanoi

In his welcoming remarks, Foreign Minister Le Hoai Trung said Vietnam established the forum with the aim of creating an open, substantive and forward-looking space for dialogue among ASEAN member states and international partners.

A post on the official Facebook page of the Lao Economic Daily (Photo: screenshot)

Lao media highlight deepening Vietnam–Laos cooperation

According to the reports, the Lao and Vietnamese Prime Ministers held talks on June 7, during which they briefed each other on their respective internal situations and expressed satisfaction with the socio-economic achievements recorded by the two sides. They highly valued the continued development of bilateral ties, particularly the strong political trust maintained through regular exchanges of meetings at all levels.

Fishing boats in Vietnam's Ninh Thuan province. (Illustrative photo: VNA)

ASEAN, Norway promote cooperation in sustainable blue economy development

The Norway–ASEAN cooperation project on blue economy development is seen as a first step toward building a regional cooperation platform to raise ASEAN member states’ awareness of the current state of aquaculture and fisheries development, identify policy gaps, and promote collaboration in the sustainable blue economy.

WB plans over 3 bln USD in financing for Philippines

WB plans over 3 bln USD in financing for Philippines

The multilateral lender is also considering structural reform initiatives as well as projects that could help the Government respond to the economic fallout from the Middle East conflict, particularly among vulnerable sectors.

Houses are damaged after the earthquake in General Santos city, Philippines on June 8. (Photo: Xinhua/VNA)

Death toll from Philippines earthquake rises, tsunami reaches Indonesia, Japan

In the hard-hit port city of General Santos, disaster management officials confirmed seven deaths after several buildings collapsed and key infrastructure was damaged. The Philippine Institute of Volcanology and Seismology warned residents to exercise caution before returning to damaged buildings due to the risk of aftershocks.

Several shops were damaged following the earthquake in General Santos City, the Philippines, on June 8, 2026. (Photo: Xinhua/VNA)

At least 12 killed, hundreds injured in Philippines earthquake

The port city of General Santos suffered the heaviest damage, with disaster management officials confirming seven fatalities and about 130 injuries after several small buildings collapsed and multiple structures, including a key bridge, sustained severe cracks. The remaining five deaths were recorded in South Cotabato, Davao Occidental and Balut Island.

Laos intensifies business environment reforms

The latest Provincial Facilitation for Investment and Trade Index report indicates that since 2018, the public sector has clearly defined timelines for document approval, reducing the time required to establish a business to just 17 days, including 10 days for the issuance of a business registration certificate, five days for seal engraving, and two days for social insurance registration.

Datuk Seri Anwar Ibrahim attends the National TVET Day 2026 celebration at Dataran Putrajaya today. (Photo: Bernama)

Malaysia strengthens vocational training in technology and energy sectors

Malaysia is ramping up technical and vocational education and training (TVET) as a cornerstone of its economic transformation and talent development strategy, preparing its workforce for emerging fields such as artificial intelligence (AI), cryptocurrency technology and the global energy transition.

Indonesia eyes trade breakthrough with EAEU via FTA

Indonesia eyes trade breakthrough with EAEU via FTA

Indonesia seeks to develop relations with all countries and sees itself as a bridge between different regions of the world. Against a backdrop of growing geopolitical and global economic uncertainty, strengthening international cooperation and building reliable supply chains have become more important than ever.

Thai Prime Minister Anutin Charnvirakul (R) at Nation TV’s 26th anniversary event on June 4, 2026. (Photo: nationthailand.com)

Thailand prioritises OECD accession

Thai Prime Minister Anutin Charnvirakul the country’s bid to join the Organisation for Economic Co-operation and Development, or OECD, is central to the government’s economic agenda.