Thailand to pursue bilateral talks despite new 10% tariffs - Suphajee

16 Sept 13:16 Key points summarised by AI

Thailand commits to continued bilateral trade talks with the United States, despite President Trump's immediate imposition of a new 10% tariff on imports.
Commerce Minister Suphajee Suthumpun has ordered an assessment of the situation and stressed maintaining trade relations to ease the impact on Thai exporters.
Although a previous reciprocal tariff was invalidated, the new 10% levy under Section 122 is being closely monitored, with a potential risk of higher tariffs under Section 232 for security-related issues.
Thai exporters will now incur normal taxation, an additional 10% tariff, and other potential duties like anti-dumping or countervailing charges.

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.