Nonthaburi, The Commerce Minister accepts the terms and conditions of the Thai Automobile Industry Association's proposal to adjust trade barriers to accommodate new world rules, emphasizing sustainability, clean energy, and using FTAs ??to create a trade handicap. Confident that the Thai automotive industry is accepted in the world market. Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce, spoke after a discussion with executives from the Thai Automotive Industry Association. and the Federation of Thai Industries (Automotive Industry Group) to promote and solve the problem of Thai automotive exports. This is the third major industry that generates income for the country. The Ministry of Commerce adheres to the principles of cooperation with the private sector. By the new world trade rules becoming more effective Give importance to sustainable economy, clean energy, solving problems of product habitat. The various proposals that the industry has presented, the Ministry of Commerce and the government are definitely ready to expedite the resolution of various problems. This information is from the Department of International Trade Promotion. Overall, the Thai automotive industry Exports of automotive products in 2018 2023(Jan.-Dec.) has a value of 25,127.13 million US dollars (865,565.58 million baht), an increase of 12.96 percent, with the Australian market being the main export market in 2023(Jan.-Dec. ) Thailand produced a total of 1,156,035 cars, an increase of 11.44 percent. The top 4 export products are 1. passenger cars, 2. pickup trucks, buses, and trucks, 3. motorcycles, and 4. bicycles. The top 10 exporting countries are 1. Australia. 2. Philippines 3. Saudi Arabia 4. Japan 5. United States 6. Vietnam 7. Mexico 8. Malaysia 9. United Arab Emirates and 10. Indonesia. The latest FTA, which is the 15th Thai-Sri FTA. Lanka signed on February 3, 2024, which will help increase the competitiveness of Thai products. Mr. Suwat Suphakandechakul The president of the Thai Automotive Industry Association said that the association has come to ask for support from the Ministry of Commerce in matters of the Thai automotive industry, such as the FTA negotiations that are about to happen for several FTAs, where the Thai automotive industry is in a period of transition to automobiles. of the future Especially electric vehicles Export conditions may need to be changed. and doing business more conveniently and quickly, such as using electronic systems The Ministry of Commerce will help support the transition to a paperless system and exports to important destinations like Australia will be well supported. The production is for sale in the country. Last year, production for domestic sales was negative by approximately 8%, but exports were still good, plus approximately 11%. The main cause of negative production for domestic sales was primarily pickup trucks. The negative approximately 30% came from household debt. and lending in a high NPL situation in the car sales system. Source: Thai News Agency