Talks plan to clarify tariff rules

Thailand will have detailed discussions with the US regarding a reciprocal tariff agreement this month, says Chantawit Tantasith, a deputy commerce minister.

- PHUSADEE ARUNMAS

Mr Chantawit said a recent cabinet meeting approved a joint statement on the US tariff.

“The Office of the US Trade Representative informed Thailand the US will resume detailed negotiations with us in late August to September, aiming to reach an agreement on the details of the reciprocal tariff text,” he said.

Following these negotiations, the agreement will be presented to parliament for approval, said Mr Chantawit.

He said the 19% reciprocal tariff rate on Thai goods is positive as it helps Thai entrepreneurs to maintain their competitiveness.

Thai goods bound for the US are subject to a 19% tax starting today.