Trade Department checking stocks to ensure sufficient consumer goods
Thai ice cream exports rise as global demand grows
Finance minister asks for understanding if US does not reduce tariffs
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Finance minister asks for understanding if US does not reduce tariffs
14 Sept 10:24Key points summarised by AI
Thailand's Finance Minister, Pichai Chunhavajira, awaits the US decision on import tariffs within 24 hours, acknowledging the complexity and challenge of negotiations.
The Thai negotiating team has diligently worked to protect national interests, considering trade, legal, and economic impacts, despite facing tough US demands.
Minister Pichai seeks public understanding if the tariff outcome is not favorable, emphasizing that his team has exerted maximum effort.
Acting Prime Minister Phumtham Wechayachai noted a call from former US President Donald Trump, who praised Thailand's handling of border disputes and expressed interest in the tariff issue, without specifying tariff rates.
Thai ice cream exports rise as global demand grows
Today 13:18Key points summarised by AI
Thailand has emerged as Asia's leading ice cream exporter and the world's 12th-largest, with exports reaching US$136 million last year, securing 1.9% of the global market.
Key Asian importers of Thai ice cream include Malaysia, Singapore, the Philippines, Vietnam, and South Korea, highlighting strong regional demand.
The domestic market is projected to grow by 4% this year, while global trends emphasize product innovation, influencer marketing, and health-conscious options.
Local ice cream operators are encouraged to adapt marketing strategies, innovate products, create distinctive brands, and leverage social media to sustain growth in evolving markets.