BANGKOK, Thailand – Deputy Prime Minister and Minister of Finance Pichai Chunhavajira is preparing to travel to the United States next week for high-stakes negotiations with the Office of the United States Trade Representative (USTR), aiming to secure tariff relief and a possible extension of the looming 90-day trade deadline.
Pichai confirmed that both sides have agreed to meet in person for official talks. The primary agenda will focus on Thailand’s request to reduce import tariffs and to extend the current tariff arrangement that is set to expire on July 9.
“The decision on whether to reduce tariffs or extend the 90-day period ultimately rests with the U.S. side,” Pichai said, underscoring the urgency of the mission. The talks come at a time when Thailand is navigating mounting trade pressure amid global economic shifts and geopolitical uncertainty.
Poj Aramwattananont, Chairman of the Thai Chamber of Commerce, expressed strong support for the government’s efforts. He said Thai businesses are hoping the U.S. will agree to reduce import duties by 10%, which would help lower operational costs for exporters and make Thai products more competitive.
“We hope Thailand’s proposals are seen as mutually beneficial,” Poj said, noting that positive momentum in negotiations could pave the way for a tariff extension and broader economic cooperation.
In a related development, Pichai also addressed speculation about the appointment of a new governor of the Bank of Thailand. He said he is considering whether to formally nominate a candidate before his U.S. trip or wait until after returning. The final decision will be presented to the Cabinet.
The selection committee has submitted two candidates for consideration: Dr. Roong Mallikamas, Deputy Governor for Financial Institution Stability at the Bank of Thailand, and Vitai Ratanakorn, Director of the Government Savings Bank. The finance minister emphasized that the process is following established protocol and that a decision will be made soon.
As the July 9 deadline approaches, Thailand’s economic team is racing against the clock — hoping diplomacy and pragmatism can deliver a deal that avoids disruption for exporters and strengthens ties with one of its key trading partners. (TNA)
