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The Latest Breaking News from Commerce

The Commerce Ministry kicked off its "New Year Grand Sale" campaign yesterday via partnerships with the private sector and online platforms, offering steep discounts of up to 85%.

Bangkok Post

Exports to grow amid global slump

Thailand's exports are expected to reach nine trillion baht by the end of the year, before increasing further to 9.25 trillion baht next year, amid predictions of higher-than-expected economic growth, according to the Commerce Ministry.

Bangkok Post

Commentary: Corporate America thrives where abortion is protected

Gina Raimondo doesn't “know why any woman would want to live in a state that criminalizes full access to health care.” The assertion by the 40th U.S. Secretary of Commerce is especially relevant after the Supreme Court's 6-3 ruling on Dobbs v. Jackson Women’s Health Organization in June that upheld…

Tribune News Service

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US to add more than 30 Chinese companies to trade blacklist

WASHINGTON: The Biden administration plans to put Yangtze Memory Technologies and more than 30 other Chinese companies on a trade blacklist that would prevent them from buying certain American components, deepening tensions between the world’s two economic superpowers.

The Times of India

India, UK expresses commitment to expeditiously conclude FTA talks

NEW DELHI: India and the UK on Tuesday expressed commitment to expeditiously conclude the negotiations for the proposed free trade agreement (FTA), which would help boost two-way commerce.

The Times of India

War rooms set up to stimulate exports

The Commerce Ministry has set up war rooms to spur exports, tackle obstacles to trade and curb the negative impact of a global economic slowdown in 2023.

Bangkok Post

US to expand solar panel tariffs after probe finds Chinese evasion

The United States will impose new duties on imports from some major Chinese solar panel makers after a months-long investigation found they were trying to dodge tariffs by finishing their products in Southeast Asian countries, trade officials said on Friday.

Bangkok Post

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U.S. Commerce secretary: Competing with China not 'easy'

U.S. Commerce Secretary Gina Raimondo said on Wednesday Washington must do more to counter China while insisting the world's two largest economies should not isolate from each other.

Reuters

Exports drop in Oct as global demand slows

Exports unexpectedly fell in October as tight monetary policy to curb inflation in major trading partners affected purchasing power and economic activity, the Commerce Ministry said on Monday.

Bangkok Post

Apec ministers agree to push forward FTA-Apec

The Apec Ministerial Meeting (AMM) on Thursday agreed to push forward the FTA-Apec initiative, in which all members will cooperate more closely to achieve economic growth and eradicate all limitations, according to Commerce Minister Jurin Laksanawisit, who is the co-chair of the 33rd AMM.

Bangkok Post

Jurin 'never more ready' to be PM

Commerce Minister and Democrat Party leader Jurin Laksanawisit has declared himself ready to be nominated as the party's prime ministerial candidate ahead of next year's expected election.

Bangkok Post

Govt hails lower prices of goods in markets

The prices of basic produce and meats have fallen, which shows inflation is slowing, according to Commerce Minister Jurin Laksanawisit.

Bangkok Post

Offshore energy battle looms over ‘must pass’ defense bill

WASHINGTON — One of the most underappreciated high-stakes legislative fights in recent memory — featuring some of the strangest political bedfellows — is coming soon to a lame-duck session near you.

Tribune News Service

Offshore energy battle looms over 'must pass' defense bill - Roll Call

One of the most underappreciated high-stakes legislative fights, featuring some strange political bedfellows, is brewing after the elections.

Roll Call

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Bangkok Post

Palm oil subsidy scheme to seek cabinet approval

The Commerce Ministry plans to ask the cabinet shortly to approve the state-sponsored price guarantee scheme for palm oil farmers for the 2022/23 harvest season, while pledging to support crude palm oil exporters.

Tribune News Service

‘No possibility of reconciliation’ as US slams China chips

The Biden administration’s new restrictions on technology exports to China could undercut the country’s ability to develop wide swaths of its economy, from semiconductors and supercomputers to surveillance systems and advanced weapons.

Tribune News Service

China says Biden’s new chip technology curbs will harm recovery

China criticized expanded U.S. restrictions on its access to semiconductor technology, saying they’ll harm supply chains and the world economy.

Tribune News Service

Biden tightens China chip rules on chaotic day for industry

The Biden administration announced new restrictions on China’s access to U.S. semiconductor technology, escalating tensions between the two countries and adding fresh complications to an industry reeling from a slump in demand.

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The Independent UK

Commerce tightens export controls on high end chips to China

The Commerce Department is tightening export controls to limit China’s ability to get advanced computing chips, develop and maintain supercomputers, and make advanced semiconductors

Tribune News Service

White House adds new restrictions on chip exports to China

The Biden administration announced new restrictions on China’s access to U.S. semiconductor technology, adding measures aimed at stopping Beijing’s push to develop its own chip industry and advance the country’s military capabilities.

The Hindu

Abhishek Singhvi to head parliamentary panel on commerce

Unfortunate that the government has retained control over all key standing committees, says Congress floor leader in Lok Sabha; Congress yet to suggest nominee for panel on Chemicals & Fertilisers

Bangkok Post

Jurin remains upbeat on export prospects

Commerce Minister Jurin Laksanawisit remains optimistic that exports will expand well over the remaining months of this year and exceed the growth target set at 4-5% over 2021's level.

Bangkok Post

Aug exports close to forecast, Chinese market slump

Exports rose slightly less than expected in August as global demand for food products increased, but oil-related shipments fell and exports to China slumped, the Commerce Ministry said on Monday.

Bangkok Post

Shopee inks pact to help empower SMEs

The Commerce Ministry's International Trade Promotion Department on Monday signed a Memorandum of Understanding (MoU) with Shopee, an e-commerce platform, to empower small and medium-sized enterprises (SMEs) to showcase their quality products and sell their products online.

Bangkok Post

Ministry to step up export promotion to meet target

The Commerce Ministry has vowed to continue ramping up export promotion activities in the remaining months of 2022, with the aim of raising export revenue to US$285 billion by year-end, hitting the ministry's target and an uptick from $271 billion in 2021.

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