Thai chamber briefed on many commerce measures

The commerce minister discussed measures to address the impacts of US tariffs, accelerate free trade agreement (FTA) negotiations, tap into the Indian market and manage agricultural products with representatives from the Thai Chamber of Commerce.

- PHUSADEE ARUNMAS

After the meeting, Commerce Minister Suphajee Suthumpun said the ministry prepared strategies to mitigate the impact of US tariffs, strengthen the agricultural sector, prevent product circumvention, promote trade in new markets, enhance the capabilities of Thai businesses to adapt to rapid changes in global trade rules and provide support to entrepreneurs along the ThaiCambodian border.

"The ministry aims to finalise the details for the US tariff negotiations later this year to provide clarity for both Thai and international entrepreneurs, aiming to mitigate any potential impacts," she said.

Mrs Suphajee encouraged all stakeholders to develop adaptation strategies now, including exploring alternative export markets and positioning products to meet evolving global demands.