The domestic corn market worth over 42 billion baht is facing a major shock following a resolution approving the import of animal feed corn from abroad under the WTO framework without paying tariffs (0%), totaling up to 1 million tons, with an exchange condition to negotiate a reduction in import tariffs with trading partners.
The Gulf Cooperation Council (GCC) is emerging as a new economic power in the world. It consists of six countries: Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain, which play important economic roles in the Middle East.…
Thailand’s agricultural trade in 2024 continued to grow steadily, with a total value of 2.53 trillion baht for the whole year, divided into export value of 1.8 trillion baht, an increase of more than 137 billion baht from the previous…
The World Bank’s downward revision of Thailand’s 2025 economic growth forecast to just 1.6% is a worrying figure and the lowest among all ASEAN countries. This slowdown in growth not only reflects the current situation but also signals a warning…
Thailand is accelerating the promotion of durian exports to China by negotiating with Chinese government representatives to request relaxation of residue testing measures, especially BY2, which currently involves random testing of 100% of products, and requesting an increase in testing…
As a result of this negotiation, the total purchase order for Thai rice increased to 400,000 tons, generating income for the country of more than 7,157.50 million baht or approximately 204.5 million US dollars. The ordered rice will start to…
Why is the Thailand-EU FTA important? Currently, Thailand and the EU have negotiated 4 rounds of FTA, with 2 chapters concluded and discussions on opening up the market for goods and services have begun. The next round will be hosted…
Thai rice exports are facing a tough battle! The Thai Rice Exporters Association revealed that in the first two months of this year, Thailand's rice exports fell by 32%, especially white rice, which plunged by 54%, as India resumed exports after a two-year hiatus, coupled with a significant increase in global rice production, with global rice stocks rising by 10 million tons, or 532 million tons worldwide, while Thailand still targets this year's exports at 7.5 million tons.
The World Bank projects that the Thai economy will grow by 2.9% in 2025, up from 2.6% in 2024, supported by public and private investment, as well as a recovery in the tourism sector, which is expected to return to pre-COVID-19 levels by mid-year. However, high household debt and sluggish investment recovery remain risk factors for the country's long-term growth.
The Thai economy is expected to continue to recover after facing the impact of the COVID-19 pandemic, expanding by 1.6% in 2023.
