Following the U.S. announcement of a 19% import tariff on Thai goods under Reciprocal Tariffs measures, Thailand is taking decisive action! Authorities have rolled out four comprehensive plans to mitigate impacts and create new opportunities for Thai exporters.
1️⃣ Low-interest loans (Soft Loans) – Partnering with banks to boost business liquidity.
2️⃣ Expanding to new markets worldwide – Leveraging overseas trade diplomats to grow customer bases beyond the U.S. market.
3️⃣ Monitoring bilateral trade closely – Inspecting both Thai exports and U.S. goods entering Thailand to prevent misuse of preferential treatment and transshipment.
4️⃣ Launching a One Stop Service center – Starting August 7 at the Export Center on Ratchadaphisek Road, providing full support from loan applications to consultation.
“We have prepared a thoroughly coordinated plan, offering short-term relief to businesses and strengthening them for the long run.”
While the 19% tariff poses a serious challenge, with collaboration across all sectors, Thailand stands ready to overcome this crisis and find new pathways for growth!
Source: Ministry of Commerce
Link: https://www.moc.go.th
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