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Thailand negotiates with USTR on 5 key proposals, aims to strengthen trade balance and security

Thailand negotiates with USTR on 5 key proposals, aims to strengthen trade balance and security

Provided by Nation.

Thailand negotiates with the USTR, presenting five key proposals on tax, trade barriers, and security, aiming for fair terms and a positive outcome by June 20.

Wuttikrai Leeviraphan, the Permanent Secretary of the Commerce Ministry and head of the Thai negotiating team, announced today (June 18) that Thailand had engaged in a virtual negotiation session with the United States Trade Representative (USTR).

He stated that the US had presented five key proposals aimed at creating a balanced trade relationship between the two countries, covering the following areas:


Tax measures and quotas
Non-tariff trade barriers
Digital trade management
Rules of origin
Economic and national security measures


The two-hour meeting aimed to clarify the US proposals. The USTR expects Thailand to submit its initial proposals based on the five main areas outlined by June 20, 2025.Wuttikrai expressed confidence that Thailand's discussions and proposals would have a positive impact. Previously, Thailand had proposed measures such as reducing import taxes on certain goods, purchasing Boeing aircraft and military equipment from the US, and easing non-tariff trade barriers.

He added that the proposals Thailand will submit are significant enough to warrant US consideration and further detailed negotiations. If the talks do not conclude within the 90-day framework (by July 8, 2025), it is expected that the US will extend the deadline. Thailand hopes to secure a tax rate of no more than 10%.

Wuttikrai also noted that during today’s talks, the US expressed appreciation for Thailand’s proposals and understanding regarding the US trade deficit.

However, he reassured that the proposals Thailand is submitting will not disadvantage the country in trade but will help adjust Thailand’s economic structure. Following the submission, Thailand will await further negotiations with the US.

The meeting this morning included relevant agencies such as the Ministry of Finance, Ministry of Agriculture, Ministry of Foreign Affairs, Ministry of Industry, Ministry of Energy, Ministry of Digital Economy and Society, and the Ministry of Labour.

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AFP-JIJI PRESS NEWS JOURNAL


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