BANGKOK: Thailand’s finance and commerce ministers will lead a delegation to the US to fulfill Trump administration officers and push for reduction from planned heavy tariffs, a authorities spokesperson mentioned on Monday (Apr 14).
An advance staff led by Finance Minister Pichai Chunhavajira will journey to the US on Thursday for conferences with non-public sector teams, with Commerce Minister Pichai Naripthaphan to hitch later, spokesperson Jirayu Houngsub mentioned.
The Thai delegation expects to fulfill with US authorities representatives on Monday, Apr 21, he mentioned.
Thailand is dealing with a 36 per cent tariff below US President Donald Trump’s commerce measures, and is hoping to make use of a 90-day pause on the levies to arrange a response.
The US was Thailand’s largest export market final 12 months, with shipments of US$55 billion. Washington has put its bilateral commerce deficit with Thailand at US$45.6 billion.
Thailand’s technique will deal with industries the place the US and Thailand share pursuits, reminiscent of pet meals, opening markets, and rising US imports, Jirayu mentioned.
He additionally mentioned there can be stricter inspections on Thai exports to make sure different international locations weren’t utilizing Thailand to avoid US taxes.
Thai officers have beforehand mentioned they might enhance US imports, minimize tariffs on corn and enhance joint investments in the US.
