Thailand, US reach framework agreement on trade

The United States and Thailand on Sunday announced a framework for reciprocal trade that would see the US maintain a 19% tariff on Thai products while identifying products where tariffs could potentially be adjusted or cut to zero.

Thailand would in turn eliminate tariff barriers on approximately 99% of goods, covering a full range of US industrial and food and agricultural products, the two countries said in a joint statement issued by the White House.

Thailand is also committed to addressing barriers to US exports, including the acceptance of US made vehicles, the joint statement said.

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