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The Latest Breaking News from Commerce

US Bans Exports to Three Russian Airlines for Sanctions Violations

The US government has banned exports to Russian state airline Aeroflot as well as two other carriers for flying aircraft in violation of sanctions, the Commerce Department said Thursday. Washington warned last month that the carriers had gone against penalties imposed on Moscow over its invasion of Ukraine by flying…

Asharq Al-Awsat

US Takes Enforcement Actions Against Russian Airlines On Export Violations

The U.S. Commerce Department issued orders denying the export privileges for Aeroflot, Azur Air, and UTair, stating that the three Russian airlines violated American export controls imposed on Russia in the wake of the Ukraine war. The decision comes after the U.S. identified more than 170 Boeing Co (NYSE:BA) planes used by Russian airlines…

Benzinga

Food processors urge tariff waiver on metals

Thai food processors and the Thai Chamber of Commerce have called for an extension of anti-dumping (AD) duty waivers on tin plate and tin-free steel, used widely in canned food, for at least six months to help offset the impact of rising steel prices and their production costs.

Bangkok Post

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US solar panel probe draws protest from ministry

The Commerce Ministry is preparing to protest against a US investigation that could result in tariffs on solar panels imported from four Southeast Asian nations including Thailand.

Bangkok Post

Commerce inquiry imperils solar industry, advocates say

The Commerce Department says it is investigating whether imports of solar panels from Southeast Asia are circumventing anti-dumping rules that block imports from China

The Independent UK

Ministry sees 15% rise in fruit exports

The Commerce Ministry is upbeat about fruit export prospects, predicting outbound shipments to grow by 15% this year while pledging to speed up tackling existing export obstacles and promoting sales via advance contracts.

Bangkok Post

Ministry vows to tackle surging feed meal prices

The Commerce Ministry pledges to address feed meal prices, which are surging because of the Russia-Ukraine conflict.

Bangkok Post

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New U.S.-U.K. trade deal cuts tariffs on British steel, American motorcycles, bourbon

The United States and Britain ended a four-year dispute over U.S. steel and aluminum tariffs on Tuesday, pledging to work together to counter China in a deal that also removes retaliatory tariffs from U.S. motorcycles, whiskey and other products.

Reuters

U.S. targets Abramovich plane, 99 others over Russia export violations

The U.S. Commerce Department on Friday moved to effectively ground 100 airplanes that have recently flown to Russia and are believed to violate U.S. export controls, including a plane used by Russian businessman Roman Abramovich.

Reuters

Commerce Secretary Gina Raimondo has become tech's favorite Biden official

She's become a key advocate for tech interests in an administration full of industry critics.

Axios

Trade probe of solar imports from Thailand, 3 other countries poses threat to US projects

A potential Commerce Department probe of solar imports from Southeast Asia has the potential to freeze investment in the United States, industry leaders warned on Tuesday.

Bangkok Post

Additional portfolios for Buggana

Buggana Rajendranath, who currently holds the portfolios of Finance and Planning, Legislative Affairs, and Commercial Taxes, will henceforth handle additional portfolios of Industries, Commerce, Information Technology, Skill Development and Training, and Infrastructure and Investment. The Governor has approved the modification brought about due to the demise of Mekapati Goutham Reddy.

The Hindu

India, Bangladesh hold Commerce Secretary-level talks in Delhi

India and Bangladesh on Friday held Commerce Secretary-level talks in New Delhi on a variety of issues of mutual interest, the Ministry of Commerce and Industry informed in a press release.

Dynamite News

Ministry mulls extending anti-dumping measure

The Commerce Ministry approved on Wednesday a review of the extension of an anti-dumping duty on metal sheets imported from Vietnam.

Bangkok Post

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The Independent UK

Commerce Secretary Gina Raimondo is designated survivor for State of the Union

The Secretary of Commerce previously served as governor of Rhode Island.

Bangkok Post

Loan matching aids SMEs with exports

The Commerce Ministry has teamed up with the Export-Import Bank of Thailand (Exim Bank) and the Thai Credit Guarantee Corporation (TCG) to establish a loan matching scheme for export-oriented small and medium-sized enterprises (SMEs) to leverage the Regional Comprehensive Economic Partnership (RCEP) trade pact that started earlier this year.

Benzinga

President Biden's Commerce Sec Says She Has No Cannabis Decriminalization Updates On Her Agenda

President Joe Biden’s Commerce Secretary Gina Raimondo revealed in a recent interview with Politico that she has no updates on cannabis decriminalization that was promised during the presidential campaign,

Bangkok Post

Ministry promotes digital businesses

The Commerce Ministry vows to continue promoting the digital content business as a key industry to drive economic growth and upgrade it as a hub for the sector.

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Benzinga

Here's Why Stifel Is Bullish On Meta

Stifel analyst Mark Kelley resumed coverage of Meta Platforms Inc (NASDAQ:FB) with a Buy rating and $400 price target. The price target implies an upside of 32.6%. The analyst is optimistic on the stock, particularly Reels and Commerce, despite the constant "drumbeat" of critical press, Kelley tells investors in a research note. He thinks the…

Bangkok Post

Minister vows to keep food inflation low

The Commerce Ministry says it will continue to organise discount campaigns and seek more cooperation from manufacturers and traders to cap prices or delay planned price rises, especially of essential products.

Asharq Al-Awsat

Russian Industry Targeted, Not Consumers, If Biden Export Curbs Imposed

The Biden administration plans to spare everyday Russians from the brunt of US export controls if Russia invades Ukraine, and focus on targeting industrial sectors, a White House official said. "Key people" will also face "massive sanctions" a top Commerce official said in a separate speech on Friday. The comments…

RideApart

Semiconductor Shortage To Persist Finds US Department Of Commerce

A recent US Department of Commerce survey of 150 companies finds that most manufacturers only have a five-day supply of microchips on hand.

Bangkok Post

Commerce Ministry forms price watch teams

The Commerce Ministry has set up 55 teams to inspect the prices of goods and food throughout Bangkok and surrounding provinces to prevent price gouging and hoarding as prices continue to spike.

Bangkok Post

Minister vows to tackle high palm oil prices

Commerce Minister Jurin Laksanawisit has pledged to tackle high palm oil prices this week after cooking oil prices jumped to nearly 70 baht per bottle from 56-60 baht at the end of last year.

Bangkok Post

December exports top forecast, 2022 exports seen up 3-4%

Thailand's exports rose more than expected in December from a year earlier, with full-2021 growth coming at 17.1%, the highest in 11 years, helped by stronger global demand and a weak baht, Commerce Minister Jurin Laksanawisit said on Friday.

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