Poj Aramwatananont, Chairman of the Thai Chamber of Commerce, expressed high praise for the Thailand negotiation team (“Team Thailand”) for successfully reaching a 19% reciprocal tariff agreement with the United States, which allows Thailand to remain competitive with its regional counterparts. Countries like Indonesia and Vietnam currently face similar tariff rates of 19% and 20%, respectively.
Although the new tariff rate is higher than the previous 10%, Poj regarded it as a strong achievement, especially considering that Thailand had faced the possibility of a 36% tariff. The fact that Team Thailand managed to lower the figure to 19% within a limited timeframe demonstrated their dedication, strategic understanding, and proactive negotiation abilities.
“The Thai Chamber of Commerce believes that, while the tariff rate is higher than before, Thailand can still compete effectively in the region with a rate close to that of other ASEAN countries,” he said.