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Thailand to speed up free-trade agreements

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Thailand to speed up free-trade agreements

By THE NATION

 

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Weerasak Wangsupakitkosol

 

Deputy Commerce Minister Weerasak Wangsupakitkosol said on Friday (December 6) that next year Ministry of Commerce is planning to host Joint Trade Committee (JTC) meetings with several trade partners including Laos, Bangladesh, Myanmar, Vietnam and Singapore, as well as attend the meetings hosted by other countries, among them Maldives, South Korea, Russia, Malaysia and Japan.

 

 

“We will use these meetings as a platform to finalize free trade agreements (FTA) with pending partners including Turkey, Sri Lanka and Pakistan,” he said. “Furthermore, we will seek new to establish FTA deals with new partners such as the European Union, the United Kingdom, the European Free Trade Association (EFTA), and Comprehensive and Progressive Agreement of Trans-Pacific Partnership (CPTPP) to increase Thailand’s competitiveness and expand our export markets.”

 

Weerasak further added that his Ministry will also establish a special fund to assist those entrepreneurs affected by the upcoming FTAs. “The fund committee will be chaired by Commerce Permanent Secretary, and will have its first meeting on December 20,” he added.

 

Meanwhile, Rapibhat Chantarasriwong, secretary-general at Office of Agricultural Economics (OAE), said that the special safeguards (SSG) privileges that Thailand receives from New Zealand under Thailand-New Zealand Closer Economic Partnership Agreement (TNZCEP) will expire on January 1, 2021. “This will result in 3 of our products exported to New Zealand, namely milk, cream and beef being subject to 5, 18 and 50 per cent tax respectively instead of current rate at 0 per cent,” he said. “The OAE will consult Ministry of Commerce to plan measures to mitigate the impact before the expiration date. One of the possible solutions is to find new partners through these JTC meetings.”

 

Source: https://www.nationthailand.com/news/30379170

 

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-- © Copyright The Nation Thailand 2019-12-07

 

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6 hours ago, rooster59 said:

Deputy Commerce Minister Weerasak Wangsupakitkosol said on Friday (December 6) that next year Ministry of Commerce is planning to host Joint Trade Committee (JTC) meetings with several trade partners including Laos, Bangladesh, Myanmar, Vietnam and Singapore, as well as attend the meetings hosted by other countries, among them Maldives, South Korea, Russia, Malaysia and Japan.

Transliteration:.Blah,blah,blah, "Hub", 4.0, blah, blah, blah.

Deputy Minister of ........well sweet fa.

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USA never gets a break here.  No wonder so few vacation in LoS.  And just look at Baht vs. USD...

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8 hours ago, rooster59 said:

“This will result in 3 of our products exported to New Zealand, namely milk, cream and beef being subject to 5, 18 and 50 per cent tax respectively instead of current rate at 0 per cent,” he said.

 

Surely Thailand isn't exporting milk, cream and beef to New Zealand?

 

Or did I read it wrong?

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5 hours ago, Thian said:

They call it: Don't Thai me.....in Singapore.

If I wanted to create an FTA, the other side would not be Thailand.

 

Their motto should be 'Lie cheat and steal".

 

It's a one-upmanship thing. If you believe their lies, fall for their cheating or accept their stealing then you make yourself 'smaller' than they are and they become smarter than you. It's ubiquitous, they can't help it, it's in their culture and it isn't going to change. Some of them might be quite nice on a 1-to-1 basis but make no mistake, they're all at it and foreigners are their favourite prey.

 

 

 

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I am surprised about the listing of other ASEAN/AEC2015 countries; I would have thought that FTAs with fellow member countries would become obsolete.

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