M31 NEWS

Thailand trade and customs

Customs rules, tariffs and logistics changes affecting trade with Thailand.

Thai Prime Minister Optimizes GDP Forecast for 2026 Amid Stronger Investment and Export Signals

On October 24, 2025 (B.E. 2569), Thai Prime Minister Anutin Charnvirakul stated that Thailand's economy is projected to grow faster than the original 2.1% estimate for 2026, citing improved foreign investment, exports, employment, and tax revenue. He directed the National…

Thai Prime Minister Orders GDP Forecast Revision After Citing Stronger Investment and Export Data

Prime Minister Anutin Charnvirakul stated on October 24, 2026, that Thailand's GDP growth for the year will exceed the previously estimated 2.1%. He directed the National Economic and Social Development Council (NESDC) to review data showing foreign investment in the first half…

LUXEED Unveils Global Vision and Flagship Models at International Launch

LUXEED, a luxury automotive brand under CHERY Group, announced its global vision and business expansion plans for 2026 at the LUXEED Global Brand Launch in Wuhu, Anhui Province, China. The event marked the world debut of two flagship models, LLounge and Stormax, under the…

Isuzu Executives Outline Market Strategy, New Engine Launch, and EV Plans in Thailand

On October 22, 2026, Isuzu Motors Thailand executives Hiroyasu Sato, Michimasu Kono, Panadda Jananawasin, and Wichai Sinanonpattham discussed market performance, the launch of the new 2.2 Ddi MAXFORCE engine, and future plans. In the first nine months of the year, total sales…

Vietnam Extends Automotive Production Incentives to 2075 with Zero Tariff for Export Parts

The Department of Commerce in Ho Chi Minh City reports that Vietnam's Ministry of Finance has proposed amending Decree No. 26/2023/NĐ-CP to extend automotive production and assembly promotion measures by five years until the end of 2075. A key provision allows a 0% import tariff…

Thai Prime Minister Signals GDP Growth Above 2.1% Amid Strong Foreign Investment and Export Data

On October 24, 2026, Thai Prime Minister Anutin Charnvirakul stated that Thailand's GDP for the year will definitely exceed the previously estimated 2.1%, citing significant improvements in foreign investment, exports, employment, and tax revenues. The government has directed…

Thai Prime Minister Anutin Confirms Energy Security Amid Middle East Tensions

On October 24, 2026, Thai Prime Minister and Minister of Interior Anutin Charnvirakul stated that Thailand has secured its energy supply despite geopolitical conflicts in the Middle East. He confirmed that domestic oil stocks are so abundant that export approval was granted to…

Thai Prime Minister Anutin Expresses Confidence in GDP Growth Exceeding 2.1% Amid Rising Foreign Investment and Exports

Prime Minister Anutin Chantawirool expressed confidence that Thailand's GDP for this year will grow above 2.1%, citing strong signals from increased foreign investment, robust export growth, and rising tax collections. He has ordered the National Economic and Social Development…

Thai Prime Minister Anutin Confirms Sufficient Oil Reserves and Plans Exports to Release Surplus

On October 24, 2026, Thai Prime Minister and Minister of Interior Anutin Charnvirakul confirmed that Thailand has sufficient oil supplies for domestic use, leading to proposals to export surplus stock. Despite ongoing geopolitical tensions in the Middle East causing fluctuating…

Dollar Strengthens as Oil Prices Rise Amid US-Iran Tension Concerns

The US dollar gained ground against major currencies on Friday (Oct 23) in New York forex markets, while crude oil prices climbed for a second day driven by fears of potential war between the US and Iran. The prospect of higher oil prices fueling inflation has led markets to…

Thailand Eases Fuel Export Restrictions as Solar Grid Expansion Advances

Prime Minister Anutin Charnvirakul confirmed on October 24, 2026, that Thailand maintains robust national oil stocks despite Middle East geopolitical tensions. He stated that temporary export restrictions have been lifted to allow state energy companies to clear surplus…

Thailand's Economy Growth Projection Under Review Following Improved Indicators

Prime Minister Anutin Charnvirakul stated on October 24, 2026, that Thailand's GDP growth for the year will exceed the initial 2.1% projection due to significant improvements in investment, exports, employment, and tax receipts. He has directed the Office of the National…

Bolivia Grants Five-Year Tax Exemptions on Machinery and Inputs for Key Sectors

The Bolivian government has enacted a five-year exemption from customs duties and Value Added Tax (IVA) for specific goods used in production, effective until July 2074. The measure, established under Law No. 1757 dated July 30, 2026, and Decree No. 5709, covers 121 items across…

Bolivia Cuts All Import Tariffs by 5% to Offset Flexible Exchange Rate Impact

The Bolivian government has enacted Supreme Decree No. 5646 on June 29, 2026, reducing all import customs duties (Gravamen Arancelario: GA) by 5 percentage points effective July 6, 2026, through December 31, 2027. This measure aims to mitigate rising import costs following the…

Denmark's Bolig Mad Design 2026 Showcases B2C Opportunities for Thai Food and Lifestyle Brands

The Bolig Mad Design 2026 trade fair in Copenhagen (Oct 16-18, 2026) offers a Business-to-Consumer platform for Thai exporters to test products in the Danish market. Key opportunities exist in ready-to-cook meals, Thai ingredients like curry pastes and coconut milk, and natural…

Youyi Guan Border Gate Accelerates Digitalization to Boost Fruit Imports from ASEAN

China's Youyi Guan border gate in Guangxi is deploying digital technologies and smart inspection systems to enhance customs clearance efficiency for imports from ASEAN, particularly durian. Data for January-September 2026 shows durian imports reached 739,000 tons (a 19% increase…

US Consumers Prioritize Retail Basics Over AI Shopping Technology

A recent AlixPartners survey of over 9,000 US consumers indicates that while interest in new technologies is growing, fundamental retail factors remain the primary driver for purchasing decisions. The report highlights specific adoption rates for AI search tools across different…

Thai SMEs invited to target Chongqing market via new gateway project

The Small and Medium Enterprise Development Agency (SMEDE) of Thailand, in partnership with Prince of Songkla University, Alibaba Group, and Digilink (Thailand) Co., Ltd., is recruiting Thai SMEs for the 'Thai SMEs New Opportunity Gateways' project. The initiative aims to…

Emerald Honey from Stinging Bee in Narathiwat Shows Antioxidant and Anti-Cancer Properties

Researchers at Nara Thammarachathirat University (Narathiwat) report the development of emerald-colored honey produced by stingless bees (*Apis dorsata*) feeding on *Canarium luzonicum* (white canarium) flowers in peat forest areas. The project, funded by the Research and…

India's Mumbai-Ahmedabad High-Speed Rail Project Reaches Key Milestone in Vadodara

On October 12, 2026, the National High Speed Rail Corporation Limited (NHSRCL) announced that construction of all 14 Portal Beams over the Delhi-Mumbai Rajdhani railway line in Vadodara, Gujarat, is complete. The 8.3-kilometer section crosses five existing railway tracks,…