Commerce Ministry to push 13 products worth 4.9 billion dollars for additional US tariff exemptions
GeopoliticsMacro
The Commerce Ministry is preparing to push for 13 more key Thai export products, with a combined value of 4.95341 billion US dollars, to negotiate additional import tariff exemptions under Section 301 of the United States. Arada Fuangtong, Director-General of the Department of Foreign Trade, revealed that Thailand currently has 2,120 products exempted and not subject to the additional 12.5 percent tariff, accounting for more than half of Thai exports to the US. The 13 products to be proposed for additional exemptions represent 8.81 percent of total export value, covering handicrafts, pet food, rice, rubber gloves, processed seafood, and other consumer goods. Meanwhile, the Thai side has been scheduled for technical-level discussions in the negotiations on the Agreement on Reciprocal Tariffs, or ART, and expects that the US may raise the issue of structural overcapacity to pressure for faster negotiations, with possible clarity around September or early October.
