Thailand's Commerce Minister, Suphajee Suthumpun, announced ongoing negotiations with the US regarding tax agreements. The talks aim to reach a joint conclusion on complex issues, although both countries currently have differing needs and expectations. Discussions at the director-general level took place on February 12, 2026, where the US congratulated Thailand on its recent election and anticipated timely government formation.
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These negotiations are linked to the governance timeline, with draft agreements influenced by the new government’s establishment. The US stated it would not oppose Thailand submitting goods lists for tariff exemptions before negotiations conclude, but the outcomes depend on successful talks. Suphajee emphasized the urgency of finalizing negotiations by July to ensure mutual benefits.
Thailand is in a similar position to other ASEAN countries concerning the RT tariff status. The benefits of tax exemptions under Annex 3 depend on specific negotiation outcomes. Any privileges gained will not be immediate; for example, in Malaysia, they would activate 60 days post-agreement and upon notifying the US as per Malaysian law.
As negotiations continue, exported goods in Annex 3 remain under the regular RT tariff, with Thailand aiming to conclude talks in a way that strengthens economic ties with the US and aligns with broader regional trade agreements.
Key Takeaways
Thailand aims to conclude tax negotiations with the US by July.
Current tariff discussions remain standard until formal agreements are in place.
Agreement benefits will activate based on specific negotiation agreements.
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Adapted by ASEAN Now · The Nation · 19 Feb 2026
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