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The Latest Breaking News from the Commerce Ministry

Commerce Ministry seeking views of Ministries, NITI on draft Bills on five cash crops

Commerce Ministry seeks views from Ministries, Niti Aayog on Bills to promote growth of cash crops like tea, coffee, spices, rubber and tobacco. Bills seek to decriminalise minor offences, create conducive environment for businesses. After comments, Ministry to approach Cabinet for approval. Bills propose repeal/updation of decades-old laws to reflect…

The Hindu

Redeveloped ITPO complex for G-20 leaders meet to be inaugurated on July 26

The redeveloped complex of India Trade Promotion Organisation’s (ITPO) Pragati Maidan, which will host India’s G-20 leaders meetings in September, will be inaugurated on July 26, likely by PM Modi

The Hindu

Shipments to China forecast to grow 1%

Despite China's slow economic recovery, the Commerce Ministry still expects Thai exports to the mainland to eke out 1% growth this year to US$3.47 billion.

Bangkok Post

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Inflation unexpectedly up in June but at slower pace

Thailand's headline consumer price index (CPI) increased 0.23% in June from a year earlier, slowing from a 0.53% year-on-year rise in the previous month, the Commerce Ministry said on Wednesday.

Bangkok Post

Manufacturers seek steps to reduce costs

Manufacturers want the government to boost exports despite facing what appears to be an uphill struggle after witnessing a decline in export value over a period of eight consecutive months, according to the latest survey conducted by the Federation of Thai Industries (FTI).

Bangkok Post

Thai exports expected to improve in H2

Thai export prospects should improve in the second half of this year as the global economy recovers and conditions are enhanced among trading partners, says the Commerce Ministry.

Bangkok Post

Exports drop 4.6% in May

Thailand’s exports contracted less than expected in May, as higher industrial goods shipments and a weakening baht helped offset some of the impact of sluggish global demand, the Ministry of Commerce said on Tuesday.

Bangkok Post

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Jan-May rice export volume up 27%

Thailand's rice exports for January-May were at 3.47 million metric tonnes, up 26.6% from a year earlier, helped by higher global demand and a weaker baht currency, the Commerce Ministry said on Friday.

Bangkok Post

Commerce Ministry steps up efforts to stamp out smuggling

The Commerce Ministry is intensifying its efforts to improve supervision of agricultural product imports to combat smuggling.

Bangkok Post

Robust demand raises durian prices

The price of export-grade durian is higher than last year as exporters have continuous demand for the fruit, according to the Commerce Ministry.

Bangkok Post

Department clamps down on protected wood shipments

The Commerce Ministry has issued two regulations prohibiting the importation of timber, processed wood and wooden artefacts, unless traders hold a certificate of import, in addition to barring phayung (Siamese rosewood) exports.

Bangkok Post

Headline inflation lowest in 21 months

Thailand's headline inflation rate dropped to its lowest in 21 months in May due to falling energy and food prices and a high base in 2022, the Commerce Ministry said on Tuesday.

Bangkok Post

Ministry maintains export target despite stagnation

The Commerce Ministry is keeping its export growth target of 1-2% this year despite Thai shipments falling for a seventh consecutive month in April.

Bangkok Post

Ministry vows to keep tabs on prices

During the transition period ahead of the formation of a new government, the Commerce Ministry has pledged to stay vigilant in monitoring and controlling the domestic prices of goods and services to prevent any impact on consumers.

Bangkok Post

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Bangkok Post

Planning unit emerges from the shadows

The Commerce Ministry established the Trade Policy and Strategy Office (TPSO) in 2015 primarily to support the development of the economy through trade and economic data.

Bangkok Post

Commerce Ministry aims to stimulate exports in H2

The Commerce Ministry wants to increase the value of exports by another 19.4 billion baht (around US$550 million) in the second half, providing support through the hosting of up to 350 export stimulus activities.

Bangkok Post

Food shipments set to gain by 10% as standards rise

The Commerce Ministry wants to grow food exports by 10% this year, driven by increasing demand and higher Thai standards for quality, safety and sustainable production processes.

Bangkok Post

Ministry preps plans for farm production, prices

The Commerce Ministry pledges to handle agricultural production and price management, especially for cassava and palm oil, as the income guarantee scheme for these crops was not extended, awaiting the new government's policy.

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Bangkok Post

Ministry targets B50bn from sales of GI products

The Commerce Ministry has set its sights on increasing sales from geographical indication (GI) products to 50 billion baht this year, up from 48 billion baht in 2022.

Bangkok Post

Fruit exports to China to grow 10%

Fresh fruit exports to China are anticipated to increase by at least 10% this year based on better land transport flow as cross-border trade facilitation improves.

Bangkok Post

Inflation likely to dip on low fuel rates

The Commerce Ministry is maintaining its 2023 forecast for average headline inflation in a range of 1.7-2.7%, after cutting it last month from 2-3%.

Bangkok Post

Headline CPI up 2.67%, slowest in 16 months

Thailand's headline inflation dropped to its lowest in 16 months in April, coming in close to expectations owing to lower energy and food prices and a high base in 2022, the Commerce Ministry said on Wednesday.

The Hindu

Tea Industry seeks floor price in the wake of rising cost, drop in production

Highlighting a spike in cost of production and a decline in crop in Darjeeling and the Dooars region of West Bengal, the tea industry has urged the Commerce Ministry to declare a floor price for tea.

Bangkok Post

Exports value dips for sixth month in a row

Though Thai exports fell for a sixth consecutive month in March and the global economy remains sluggish, the Commerce Ministry remains confident shipments can meet the growth target of 1-2% this year.

Bangkok Post

Ministry details soft power initiative

The Commerce Ministry has pledged to move ahead with measures to drive the government's soft power development policy, with a focus on promoting Thai cultural products worldwide through a "5F" approach, referring to food, film, fashion, fighting and festivals.

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