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Friday, May 3, 2024

Export prospects brighten on friendlier US policies

US President Joe Biden speaks about his administration’s plans to fight the coronavirus pandemic during a Covid-19 response event in Washington on Thursday. (Reuters photo)

Thailand’s exports to the US look more promising thanks to the friendlier trade policies of new US President Joe Biden.

Somdet Susomboon, director-general of the International Trade Promotion Department, said the trade policies of the new US president are expected to boost trade not only between the US and Thailand, but also the US and other Asian countries.

“With friendlier trade policies, we expect not only trade cooperation, but also investments between US and Thai businesses both in Thailand and in the US,” he said.

“Thailand is expected to benefit more from exports substituting for products from China, where the US still maintains…

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