Representatives of Thailand’s banking, trade and production have convened for a meeting to discuss issues related to trade with the US, after a list of 16 countries and territories running a large trade surplus with the US was announced.
Inside a rice packing factory in Bangkok, Thailand (Photo: AFP)
Bangkok(VNA) – Representatives of Thailand’s banking, tradeand production have convened for a meeting to discuss issues related to tradewith the US, after a list of 16 countries and territories running a large tradesurplus with the US was announced.
Thai exporters must get ready for all of the US’ policies, including raisingimport tax and imposing non-tariff barriers on Thai goods, said ChenNamchaisiri, Chairperson of the Federation of Thai Industries, adding that theyneed to seek new markets.
According to experts, the Thai government has taken measures to ensureintelligence property and anti-labour abuse, which will help the SoutheastAsian nation avoid the US’s trade policy.
Previously, on April 3, the first meeting under President Donald Trump’sadministration was held to boost bilateral trade ties between the twocountries.
During the meeting, the two sides agreed on a road map to establish a strategiceconomic partnership.
On January 31, President Trump signed two decrees on trade to address the country’shuge trade deficit. The decrees asked to figure out causes of the tradeimbalance within 90 days, focusing on 15 trade partners that have trade surplusdeficit with the US in 2016, including Thailand.
Thailand enjoyed a trade surplus of about 19 billion USD with the US last year,putting it on the 11th place in the list.-VNA
The Trade and Investment Framework Agreement Joint Council of Thailand and the United States discussed goals of the bilateral strategic economic cooperation in Bangkok on April 3.
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Inside a rice packing factory in Bangkok, Thailand (Photo: AFP) 
