Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, posted an update on his personal Facebook page announcing that the United States has now officially agreed to commence negotiations with Thailand regarding tariff measures and bilateral trade issues.
Thailand has been contacted by the United States through the Ministry of Foreign Affairs, with Minister Maris Sangiampongsa has confirmed that the U.S. has officially agreed to start negotiations with Thailand on tariff measures and bilateral trade, stated Pichai.
Further elaborating, Pichai emphasized that while these are the first formal discussions with the U.S., it does not mean negotiations had just begun. Instead, Thailand and the U.S. have held ongoing informal conversations for some time, and he believes the approaches Thailand has proposed will benefit both nations.
At the same time, Pichai also addressed the issue of tariff negotiations with the U.S. at the “Thailand Investment Forum 2025: Great Depression,” organized by The Nation Group on June 7. He confirmed that Thailand’s proposals remain centered around the five key points previously submitted for U.S. consideration, although minor additions might be possible.
However, any amendments would have to remain within the main framework. Continuous working group-level discussions have allowed both sides to identify potential areas for adjustment.
Mongkol Puangpetra, Deputy Managing Director in Securities Investment Strategy at Daol Securities (Thailand), noted that the U.S. acceptance to negotiate tariff issues with Thailand provides only a slight positive sentiment for the Thai stock market. This is because the market’s primary focus is on the bigger picture—namely, discussions between the U.S. and China. Any positive developments there would translate into gains for global markets, including Thailand.
Nevertheless, local factors continue to pose pressure for Thailand, especially political issues such as uncertainties over cabinet reshuffles, which remain unresolved as to whether changes will occur and what the new cabinet might look like if they do. Furthermore, tensions with Cambodia could add to the pressure.
Regarding the outlook for the Thai stock index for the week of June 9-13, the index is expected to move sideways between 1,122 and 1,172 points. The most interesting stocks this week are those anticipated to continue announcing robust interim dividends, including PTT Public Company Limited (SET: PTT), SCB X Public Company Limited (SET: SCB), and Advanced Info Service Public Company Limited (SET: ADVANC).
