Data released by the Ministry of Trade and Industry (MTI) on October 14 showed that the economy expanded by 2.9% year-on-year, slower than the 4.5% growth in the previous quarter but higher than the 2% forecast by economists in a Bloomberg poll.
Thailand’s Cabinet has ratified the appointment of Ekniti Nitithanprapas, Deputy Prime Minister, as the Chairman of the Strategic Working Committee for Trade Negotiations with the United States.
The new board’s agenda will include consideration of the National Semiconductor Strategy, which aims to strengthen Thailand’s competitiveness and develop a comprehensive ecosystem for the semiconductor industry.
Phnom Penh and Washington discuss practical measures to advance cooperation under the Agreement on Reciprocal Trade.
Trenggono confirmed that the ministry is intensifying coordination and negotiations with the US Food and Drug Administration (USFDA) to ensure the continuation of shrimp exports, which he assured are safe and well-regulated.
Moving forward, ASEAN should work towards shaping a new world order and focus on growing its own multinational technology companies.
Business leaders view the sustained export growth as a testament to the country’s economic diversification, enhanced competitiveness, and the strategic benefits of its free trade agreements.
The WB report outlines how climate-smart development can support Thailand’s goal of becoming a high-income economy while ensuring long-term environmental and economic stability.