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The United States has acknowledged Thailand’s growing importance in its economic security, following a recent visit by the President’s Export Council (PEC) and U.S. Secretary of Commerce Gina Raimondo. The visit aimed to bolster trade and investment ties between the two countries.

 

The PEC's detailed report, titled “REPORT OF THE PRESIDENT’S EXPORT COUNCIL: Reflections on Commercial Engagement in the Indo-Pacific and Recommendations for Strengthening the U.S.-Thailand Commercial Relationship,” was released by the International Trade Administration on 11th June. It spotlights the robust economic prospects and the deep-rooted partnership between the U.S. and Thailand.

 

Chai Wacharong, a government spokesperson, elaborated that the U.S. delegates were warmly welcomed during this visit. They engaged in fruitful discussions with Thai Prime Minister Srettha Thavisin and officials from key ministries, including Commerce, Digital Economy and Society, and Foreign Affairs. They also met with Thai business leaders to explore trade and investment opportunities.

 

An essential takeaway from the report is Thailand's role as a prominent Southeast Asian partner for the U.S. Thailand is the U.S.'s 18th largest trade partner, with a significant trade volume reaching approximately 72.1 billion US dollars in 2023. Thai investments in the U.S. stand at 2.5 billion dollars, creating numerous jobs across America.

 

The report also appreciated Prime Minister Srettha’s proactive approach in making Thailand more attractive to foreign investors. His diplomatic efforts included multiple visits to the U.S. to highlight Thailand’s investment potential.

 

Chai emphasised that the PEC report recognises Thailand's pivotal role in U.S. economic growth and points to the Prime Minister’s contributions towards strengthening bilateral trade relations. The focus is on increasing foreign investment, enhancing economic efficiency, and improving the well-being of the Thai population.

 

Picture courtesy: National News Bureau of Thailand

 

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-- 2024-06-29

 

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Posted
2 hours ago, webfact said:

Thai investments in the U.S. stand at 2.5 billion dollars, creating numerous jobs across America.

Oh my goodness, Thailand has saved America's economy.

Compare: in 2022 the main investing countries in the U.S. 

  • Japan (USD 721 billion), Canada (USD 607.2 billion), Germany (USD 498.6 billion), the United Kingdom (USD 439 billion), South Korea (USD $21.3 billion) with Europe as a whole accounting for USD 2.8 trillion. 

Contrast with $58.6 billion in Thai exports to the United States versus $15.8 billion in U.S. exports to Thailand. Thailand exports to China was US$34 Billion (2022). 

But where does Thailand's strategic allegiance lay? Yup. 

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Posted
56 minutes ago, Srikcir said:

Oh my goodness, Thailand has saved America's economy.

Compare: in 2022 the main investing countries in the U.S. 

  • Japan (USD 721 billion), Canada (USD 607.2 billion), Germany (USD 498.6 billion), the United Kingdom (USD 439 billion), South Korea (USD $21.3 billion) with Europe as a whole accounting for USD 2.8 trillion. 

Contrast with $58.6 billion in Thai exports to the United States versus $15.8 billion in U.S. exports to Thailand. Thailand exports to China was US$34 Billion (2022). 

But where does Thailand's strategic allegiance lay? Yup. 

Yes, the move to BRICS, Thai strengthening trade deals with China and recently news reports of China pouring junk into Thailand...what a joke just like the 2017 deal with China to take their E-waste materials!

 

Posted

Thailand will soon realize that BRICS is a joke and come back with tails between their legs to America and it's consumers.  Vietnam is not stupid and ignore BRICS because they are smart.

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Posted
6 hours ago, webfact said:

image.jpeg

 

The United States has acknowledged Thailand’s growing importance in its economic security, following a recent visit by the President’s Export Council (PEC) and U.S. Secretary of Commerce Gina Raimondo. The visit aimed to bolster trade and investment ties between the two countries.

 

The PEC's detailed report, titled “REPORT OF THE PRESIDENT’S EXPORT COUNCIL: Reflections on Commercial Engagement in the Indo-Pacific and Recommendations for Strengthening the U.S.-Thailand Commercial Relationship,” was released by the International Trade Administration on 11th June. It spotlights the robust economic prospects and the deep-rooted partnership between the U.S. and Thailand.

 

Chai Wacharong, a government spokesperson, elaborated that the U.S. delegates were warmly welcomed during this visit. They engaged in fruitful discussions with Thai Prime Minister Srettha Thavisin and officials from key ministries, including Commerce, Digital Economy and Society, and Foreign Affairs. They also met with Thai business leaders to explore trade and investment opportunities.

 

An essential takeaway from the report is Thailand's role as a prominent Southeast Asian partner for the U.S. Thailand is the U.S.'s 18th largest trade partner, with a significant trade volume reaching approximately 72.1 billion US dollars in 2023. Thai investments in the U.S. stand at 2.5 billion dollars, creating numerous jobs across America.

 

The report also appreciated Prime Minister Srettha’s proactive approach in making Thailand more attractive to foreign investors. His diplomatic efforts included multiple visits to the U.S. to highlight Thailand’s investment potential.

 

Chai emphasised that the PEC report recognises Thailand's pivotal role in U.S. economic growth and points to the Prime Minister’s contributions towards strengthening bilateral trade relations. The focus is on increasing foreign investment, enhancing economic efficiency, and improving the well-being of the Thai population.

 

Picture courtesy: National News Bureau of Thailand

 

news-logo-btm.jpg

-- 2024-06-29

 

Get our Daily Newsletter - Click HERE to subscribe

here it indicates that Thailand is actively approaching the US for closer ties, yet at the same time the Thai govt is working closed with FTA with China while the Thai govt asking to join BRICS seems like they want to have their cake and eat it too in my opinion.

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Posted
1 hour ago, Presnock said:

here it indicates that Thailand is actively approaching the US for closer ties, yet at the same time the Thai govt is working closed with FTA with China while the Thai govt asking to join BRICS seems like they want to have their cake and eat it too in my opinion.

IMO this appears to be Thailand's "normal" practice with pretty much everything. Trying to stay balanced on the fence to gain benefit from any side........

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