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Bangkok Post
02-07-2025
- Business
- Bangkok Post
Thailand a ‘key link', minister tells US chamber
Thailand is a key link in the global economic chain, Finance Minister Pichai Chunhavajira told the US Chamber of Commerce in Washington, DC, where he is leading a Thai delegation in crucial trade negotiations. The group's first activity in the US capital on Tuesday was a meeting with the chamber, represented by Charles Freeman, senior vice-president for Asia, along with other representatives from leading US companies that have investments and operations in Thailand. According to Mr Pichai, the meeting was an important opportunity to exchange information, opinions and recommendations, particularly on trade and investment issues pertaining to US tariff policies. Discussions also addressed ways to resolve challenges and obstacles faced by the business sector, with the goal of making Thailand a more attractive investment destination. 'I told them Thailand remains fully committed to trade negotiations with the US, aiming for agreements that are a win-win for all parties,' Mr Pichai said. 'I also thanked the US chamber for its continued support, both as a platform for dialogue and a communicator to the US government regarding Thailand's importance in the global economic supply chain. 'I reassured our private sector partners the Thai government will continue advancing policies that promote trade and investment, while maintaining a transparent, business-friendly and predictable environment.' According to Mr Pichai, Thailand and the US share a common goal: a mutually beneficial economic partnership. He said he feels confident based on mutual understanding and trust that the two countries can drive sustainable growth in economic relations. Ahead of his trip to the US, Mr Pichai expressed his optimism that trade negotiations would result in a mutually beneficial agreement. He acknowledged that efforts to reduce planned 36% US tariffs on Thai goods are approaching a critical stage, with the July 8 deadline just days away. Nalinee Taveesin, president of the Thailand Trade Representatives, said there had been positive progress in the tariff negotiations. Regarding the possibility of extending the negotiation period, she said this would depend on the US. The US found Thailand's proposal interesting, she said, because the country was committed to a win-win approach in the talks. No US companies investing in Thailand have expressed concerns regarding the higher tariffs on Thai products, as all countries will encounter similar challenges even if the tariff rates differ, said Ms Nalinee. 'The majority of investors retain confident in the potential of the Thai economy and believe it has capacity for growth,' she said.
Bangkok Post
30-06-2025
- Business
- Bangkok Post
Thailand, India set $35bn goal
Thailand and India plan to drive bilateral trade to reach US$35 billion by 2027 through improved connectivity by land, air and sea as well as reduced trade barriers. Bilateral trade between Thailand and India tallied $17.5 billion last year, up nearly 9% from the previous year, said Nalinee Taveesin, president of Thailand Trade Representatives, during "Connections & Converse: An Evening with the India-Thai Chamber of Commerce", held in Bangkok on Thursday at SILQ Hotel & Residence. Ms Nalinee said Thailand is seeking to leverage India's expertise in space technology, artificial intelligence, biotechnology, electric vehicles and software to enhance its emerging industries, particularly in the Eastern Economic Corridor (EEC), along with its development of Thailand Silicon Valley. The India-Thai Chamber of Commerce (ITCC) has roughly 400 member companies, spanning major sectors such as jewellery, textiles, manufacturing and hospitality. Member companies include Indorama Ventures, Tata Consultancy Services (Thailand), Christiani & Nielsen (Thai) Plc, Rhenus Logistics, Bangkok Marriott Sukhumvit, Atlantic Food Products, and Siamese Co Ltd, highlighting the diverse economic landscape of firms doing business in both nations. She said the ITCC serves as a mechanism to strengthen cooperation between the private sectors of both countries. Ms Nalinee said the chamber functions as a bridge between the public and private sectors in fostering an environment conducive to investment and business operations. This effort aligns with the Thai government's vision to elevate Thai-Indian relations to the level of a strategic partnership. She was appointed chair of the subcommittee on promotion of the Indian tourist market, under the government's soft power policy. In collaboration with the Tourism Authority of Thailand and related agencies, the subcommittee is preparing for the "Amazing Thailand Grand Diwali Festival 2025", a nationwide celebration of Diwali scheduled for October. The festival is supported by the Indian Embassy in Bangkok and aims to become a magnet for Indian tourists and festival-goers from around the world. "Beyond the celebration of Indian culture, we will showcase the best of Thai products, services, tourist destinations, and cultural identity to create lasting impressions and stimulate economic growth across the country," said Ms Nalinee.
Canada Standard
30-05-2025
- Business
- Canada Standard
Canada diversifies trade in the Indo-Pacific region through the Team Canada Trade Mission to Thailand and Cambodia
May 30, 2025 - Phnom Penh, Cambodia - Global Affairs Canada Today, the Government of Canada concluded a successful Team Canada Trade Mission (TCTM) to Thailand and Cambodia. The delegation, led by Sara Wilshaw, Canada's Chief Trade Commissioner and Senior Assistant Deputy Minister, International Trade, brought together more than 150 representatives from over 90 Canadian organizations, of which 80% are small and medium-sized enterprises, to explore the unique business opportunities that Thailand and Cambodia have to offer. As Canada works to build a stronger, more resilient economy, the Team Canada approach to trade missions is a proven tool that generates economic benefits for Canadians. As a key initiative under Canada's Indo-Pacific Strategy, this TCTM opened doors for Canadian businesses in a wide range of sectors to: form new connections in 2 of Southeast Asia's emerging markets diversify their trade strategies increase their resilience develop products and services that benefit Canada During the TCTM's business-to-business sessions, Ms. Wilshaw saw Canadian, Thai and Cambodian companies in action. She was impressed by the number of meaningful connections made between Canada and its trade partners through this trade mission. In Bangkok, Thailand, Ms. Wilshaw met with Dr. Nalinee Taveesin, President of Thailand Trade Representatives and Adviser to the Prime Minister of Thailand. She also spoke with members of the board of the Thai-Canadian Chamber of Commerce and senior executives of the Charoen Pokphand Group, the largest Thai investor in Canada. In doing so, she highlighted Canada's work in expanding trade, investment and supply-chain resilience in the Indo-Pacific region. For example, she noted the opening of a 12th Export Development Canada representation in Bangkok, which helps Canadian companies diversify into the Indo-Pacific region, resulting in more and better business opportunities for Canadians. She also noted Canada's 15 free trade agreements, spanning 51 countries, as the foundation of Canada's trade-diversification efforts. In Phnom Penh, Cambodia, Ms. Wilshaw met with Sun Chanthol, Deputy Prime Minister and first vice-president of the Council for the Development of Cambodia, Sok Siphana, Senior Minister and Adviser to the Prime Minister; Cham Nimul, Minister of Commerce; and Dith Tina, Minister of Agriculture, Forestry and Fisheries. She spoke about mutual trade and investment priorities, sector-specific opportunities and the progress being made on a free trade agreement between Canada and the Association of Southeast Asian Nations. She also highlighted Canada's commitment to deepening its engagement in Cambodia under Canada's Indo-Pacific Strategy. She noted that Canada's presence in Phnom Penh was upgraded to an embassy in March 2025 and that this TCTM was the largest-ever Canadian delegation to visit Cambodia.
