Thailand to make 5-point trade proposition to US in tariff negotiations

13 Sept 22:18 Key points summarised by AI

Thailand has formulated a five-point proposal for upcoming tariff negotiations with the US, aiming to reduce the 36% reciprocal tariff on Thai products to approximately 10%.
The proposal outlines key areas including fostering economic partnerships in processing, data centers, and AI, reducing trade barriers, and increasing Thai imports of US energy, agricultural products, and aircraft.
Additionally, Thailand commits to opening its markets for US maize and fruit, strictly enforcing laws against product origin misdeclaration, and actively promoting Thai investments in the US.
US Finance Secretary Scott Bessant reportedly responded positively to Thailand's overture, suggesting the proposal will proceed to working-level discussions, though formal tariff talks will follow US engagements with larger trading partners.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 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.