The Trade Negotiations Department and Team Thailand, a government body focused on bolstering economic growth, have been directed by the Commerce Ministry to undertake a comprehensive study of products under the ASEAN–China Free Trade Agreement (ACFTA). This comes in response to concerns over the surge of low-cost Chinese goods in the domestic market.
Commerce Minister Phumtham Wechayachai announced the ministry’s readiness to entertain entrepreneurs’ suggestions following the Federation of Thai SMEs’ plea for measures to counteract the impact of the influx of Chinese goods, which has negatively impacted local businesses.
The Federation of Thai SMEs (small and medium-sized enterprises) appealed to the government to scrutinise the list of imported goods under ACFTA to ensure a fair and mutually beneficial outcome. The federation acknowledged the…
