Core Points - The Thai Ministry of Commerce has implemented the "Rice Trade Fee Ministerial Regulation (No. 2)" as of November 7, aimed at reducing export license fees for rice, thereby creating more opportunities for farmers, cooperatives, and small to medium-sized rice export companies to enter international markets [1] Group 1: Regulatory Changes - The new regulation exempts farmer groups and cooperatives from export license fees [1] - Small to medium-sized rice export companies with registered capital not exceeding 10 million Thai Baht will now only need to pay 10,000 Thai Baht, a significant reduction from the previous fee of 50,000 Thai Baht [1] - Companies with registered capital between 10 million and 20 million Thai Baht will pay a reduced fee of 30,000 Thai Baht [1] Group 2: Economic Impact - The implementation of this regulation aims to establish a more open trade system and promote a balanced competitive market environment [1] - This initiative aligns with the government's goals to boost grassroots economies, increase farmers' incomes, and enhance the international competitiveness of Thai rice [1] - The fee reductions are expected to lower operational costs and create more opportunities for export participants, contributing to domestic rice price stability and growth in international trade [1]