Key facts
- Thailand is in the final stages of a trade agreement with the United States.
- Prime Minister Anutin Charnvirakul expects the deal to be signed during President Donald Trump's next visit to Asia.
- The U.S. and Thailand agreed to a Framework for an Agreement on Reciprocal Trade.
- Thailand will eliminate tariffs on 99% of U.S. industrial and agricultural products.
- The U.S. will maintain a 19% reciprocal tariff rate for imports from Thailand.
- The agreement includes provisions on non-tariff barriers, digital trade, services, investment, and intellectual property.
Thailand is nearing the completion of a trade agreement with the United States, according to Prime Minister Anutin Charnvirakul. He stated that the country is at "the last paragraph" of the deal and anticipates it will be signed during President Donald Trump's upcoming visit to Asia, potentially in November in Manila or Shenzhen. Charnvirakul mentioned receiving a letter from Trump last week confirming the agreement's final stage.