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TNSCB Urges Gov Action on Energy Prices and US Trade

TNSCB Urges Gov Action on Energy Prices and US Trade

Matichon•Economy•47m ago

Reader Briefing

The Thai National Shippers' Council proposes three urgent government measures to combat rising energy costs and finalize trade negotiations with the United States.

  • •Thanakorn Kasetsuwan of the Thai National Shippers' Council warned that energy prices and shipping route tensions are major risks for Thai exports.
  • •Rising costs specifically impact low-margin sectors including agriculture, processed food, rubber, petrochemicals, and SMEs.
  • •The Thai National Shippers' Council proposed three actions for the government regarding US trade talks, logistics costs, and shipping risk monitoring.
  • •The United States is identified as the number one export market for Thailand.

Overview

  • •On September 16, Thanakorn Kasetsuwan disclosed the energy price situation and its impact on Thai exports.
  • •Thanakorn Kasetsuwan stated that high fuel costs, freight rates, insurance, and transport times are becoming more volatile.
  • •High oil prices affect the agriculture, processed food, rubber, petrochemical sectors, and SMEs due to low margins.
  • •Risks in the Red Sea and Suez Canal make routes to Europe and the Middle East areas that require special monitoring.
  • •Progress has been made in tax negotiations between Thailand and the United States, though the private sector awaits an official conclusion.
  • •The Thai National Shippers' Council proposed that the government accelerate the conclusion of trade negotiations with the United States.
  • •The Thai National Shippers' Council requested targeted measures to reduce logistics and energy costs for exporters and SMEs.
  • •The Thai National Shippers' Council proposed a system to track freight rates, shipping routes, and insurance risks.

Full article content is available on the original source.

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Source: Matichon (Original)

Key Quotes

Thanakorn Kasetsuwan
"If oil prices rise and remain high continuously, the impact will not only be on fuel costs but will pass through to bunker surcharges, war-risk insurance, and container management fees."
หากราคาน้ำมันปรับสูงและยืนในระดับสูงต่อเนื่อง ผลกระทบจะไม่ได้เกิดเฉพาะค่าน้ำมัน แต่จะส่งผ่านไปยัง bunker surcharge, war-risk insurance และค่าบริหารจัดการตู้สินค้า
Thanakorn Kasetsuwan
"Having clear and competitive tax rates will help exporters plan prices, receive orders, and maintain employment in the supply chain."
การมีอัตราภาษีที่ชัดเจนและแข่งขันได้จะช่วยให้ผู้ส่งออกวางแผนราคา รับคำสั่งซื้อ และรักษาการจ้างงานในห่วงโซ่อุปทานได้

Key Entities

Organization

Thai National Shippers' Council(สภาผู้ส่งสินค้าทางเรือแห่งประเทศไทย)
An organization represented by Thanakorn Kasetsuwan that provides recommendations to the government on export and energy issues.

Person

Thanakorn Kasetsuwan(ธนากร เกษตรสุวรรณ)
The Chairman of the Thai National Shippers' Council.

Place

United States(สหรัฐฯ)ℹ️
The number one export market for Thailand currently engaged in tax negotiations with Thailand.
Red Sea(ทะเลแดง)ℹ️
A shipping area identified as a risk factor for exports.
Suez Canal(คลองสุเอซ)ℹ️
A shipping route identified as a risk factor for exports.
Europe(ยุโรป)ℹ️
A destination group that requires special monitoring due to shipping risks.
Middle East(ตะวันออกกลาง)ℹ️
A destination group that requires special monitoring due to shipping risks.