BANGKOK (Reuters) – Thailand is aiming to reduce its trade surplus with the United States to $20 billion by importing more U.S. products, an industry official said on Friday.
Passakorn Chairat, head of industry ministry’s industrial economics office, gave no timeframe for the reduction but told a briefing the government will increase imports of agricultural products such as corn, soybeans, and ethylene, which may affect domestic products.
The commerce ministry has said Thailand had a trade surplus with the United States of $35.4 billion last year, while Washington has put its deficit with Thailand at $45.6 billion.
(Reporting by Kitiphong Thaichareon, Writing by Orathai Sriring; Editing by Martin Petty)
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