News

Somkid targets 70% Hong Kong market share for Thai rice

Deputy Prime Minister Somkid Jatusripitak has targeted that Thai rice will secure 70 per cent of the Hong Kong market this year. Commerce Minister Apiradi Tantraporn said on Thursday that during Somkid’s four-day visit to Hong Kong that began on Wednesday, he and the Thai ...

Transparency or risk fine, warning for online sellers

Online traders must display prices and details of products and services or risk being fined, the government has warned. Nuntawan Sakuntanaga, director-general of the Internal Trade Department, said the Royal Gazette recently published the announcement of the central commission on prices of goods and services signed ...

ASEAN members reaffirm 90% tariff cuts under RCEP

ASEAN members are holding to their vow to cut import tariffs on 90% of products, amounting to 5,000-6,000 items under the Regional Comprehensive Economic Partnership, over the next 15 years. They also plan to push for the conclusion of negotiations this year. According to Commerce Minister ...

Commerce OK with using Article 44 to speed up patent approvals

The Commerce Ministry supports use of the military-led regime’s sweeping powers under Article 44 of the interim charter to streamline patent applications, partly by taking into consideration the judgement of foreign authorities to approve similar patents. Commerce Minister Apiradi Tantraporn said more than 36,000 patent ...

Somkid promises responsible Thai investments in Myanmar

The business communities of Myanmar and Thailand have been encouraged to foster economic cooperation by Thai Deputy Prime Minister Somkid Jatusripitak’s high-level business delegation. last Friday delivered a speech at the Thai-Myanmar Business Cooperation Forum, which gathered hundreds of business people from both countries. There, he assured ...

Additional Bt20 billion rice boost ‘may not be enough’

While welcoming the government’s decision to subsidise the rice trade by another Bt20 billion, paddy growers and analysts on November 1 said the move might be too little and short-term to tackle problems in the entire system.The Rice Policy Management Committee on November 1 increased its budget ...

Rice farmers despair amid low prices

Kneeling and sobbing before a top commerce ministry official, a Phichit farmer appealed to the government on October 30 to help growers suffering from the fall in rice prices to 5,000 baht a tonne, the lowest level in decades. Sanit Kaho, a 63-year-old farmer, held the legs ...

Development of SMEs, startups allotted B96m

The Commerce Ministry has vowed to spend 96 million baht next year to help develop startups and raise Thai brand awareness in the world market. According to Commerce Minister Apiradi Tantraporn, the ministry is committed to moving ahead with plans to promote Thai small and medium-sized ...

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