Thailand’s revised tariff proposal already sent to the US - Finance minister

13 Sept 09:23 Key points summarised by AI

Thailand's Finance Minister Pichai Chunhavajira confirmed a revised trade proposal was submitted to the US, based on principles from an earlier withdrawn proposal and incorporating US feedback.
Beyond tariff issues, the US is also exploring non-tariff matters with Thailand, and Minister Pichai anticipates an extension to the August 1st deadline for tariff talks.
Thailand is prepared to increase US imports and reduce tariffs on US goods if its revised proposal is accepted, aiming for a reciprocal US tariff rate between 10-20% that is not higher than those imposed on competitors like Vietnam.
Thailand is actively cooperating with the US to address the problem of goods originating from other countries being falsely declared as Thai-made for export to the US.

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.