Thai government calls for dialogue in official response to US tariff hike

13 Sept 10:42 Key points summarised by AI

The US imposed a 36% reciprocal tariff on Thai exports, effective April 9, 2025, as part of President Trump's policy to rebalance trade relationships and address perceived unfair advantages.
The Thai government officially responded by urging immediate dialogue with the United States to achieve a fair trade balance and minimize economic disruption for both nations.
Thailand encourages its exporters to seek new markets to reduce reliance on the US and has prepared mitigation measures, viewing the situation as an opportunity to restructure production and enhance long-term competitiveness.
Thailand reaffirms its commitment as a reliable ally, proposing 'Friend Shoring' initiatives in agriculture, food processing, and high-tech sectors to strengthen bilateral cooperation and foster sustainable global growth.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.