27 Apr 2022
Trading
The Carbon Border Adjustment Mechanism (CBAM) is one of the key elements of the ‘Fit for 55’ package under the European Green Deal, which sets out a clear path towards realizing the EU’s target of a 55 percent reduction in carbon emissions compared to 1990 levels by 2030 and to become a net-zero continent by 2050. Before any goods that cost more than EUR150 per consignment and are within the scope of the EU CBAM, i.e., those in the initial five targeted industries,... Read more
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30 May 2019
The US Department of Treasury issued the report on macroeconomic and foreign exchange policies of the US’ major trade partners on May 28, 2019, which is about a month behind the original schedule. The report does not specifically label any country as a currency manipulator in order to bolster advantages of the US in trade. However, the US has revised the criteria/conditions of the report, resulting in changes on two important issues: 1) the number of the US’ trade partners that has been included in the assessment increases to 21 countries, compared to 12 countries before; and, 2) the criteria on current trade surplus have been tightened. Thailand, however, has not been added to the US Monitoring List as previously feared. ... Read more
22 May 2019
Slowing global economy pressures Thai exports in April 2019 to contract for a second consecutive month. The outbound shipment of Thai goods in April 2019 totaled USD18,555.6 million, declining 2.57 percent YoY. Consequently, Thai exports in the first four months of 2019 dropped 1.86 percent YoY, a further decline from the first quarter. The contraction is attributed to slowing economic growth of key trading partners especially China and the European Union. Moreover, high base effect, due to front loading of electronic products and a sharp increase in prices of rice and tapioca in the world market in April 2018 have contributed to the lackluster export performance.... Read more