Thai PBS Thai PBS
Thai economic sectors at risk without reforms amid US trade talks

Thai economic sectors at risk without reforms amid US trade talks

12 Sept 06:31 Key points summarised by AI
  • Thailand's industrial and agricultural sectors face significant risks from ongoing US trade talks without urgent reforms to boost competitiveness.
  • Economist Dr. Kirida Bhaopichitr highlights Thailand's struggle to reduce its 36% tariff, contrasting with Indonesia's 19% cap, and urges government support beyond cash handouts for business transformation.
  • Despite slow tariff progress, Thai jewellery, biotechnology products, and raw silk maintain strong competitiveness in the US market, even with high tariffs.
  • To mitigate potential export contraction and reduce reliance on the US market, diversifying export markets, such as through a free trade agreement with the EU, is crucial.
Read full article
Economy 1/1
Skip > Skip >