The Thai government is aiming to reinvigorate its cross-border trade, including transit trade, this year following a 2.6% contraction in 2023, which saw the value fall to 1.7 trillion baht (US$48 billion). The Foreign Trade Department’s director-general, Ronnarong Phoolpipat, stated that the Commerce Ministry would expedite cross-border and transit trade according to the government’s investment promotion strategy for 2024-27.
To facilitate this, they will partner with pertinent state agencies to stimulate cross-border and transit trade – a process that involves the movement of goods through multiple countries. This will be achieved by establishing one-stop service (OSS) centres and integrating export-import documentation through the National Single Window system to streamline trade operations, Ronnarong said.
“In 2023, the ministry opened OSS…
