webfact Posted February 16, 2020 Share Posted February 16, 2020 Thailand considers CPTPP membership BANGKOK (NNT) - The International Economic Policy Committee has held a meeting chaired by Deputy Prime Minister Somkid Jatusripitak to consider the pros and cons of Thailand joining the Comprehensive and Progressive Agreement for a Trans-Pacific Partnership (CPTPP), as well as gathering public input. Outcomes from this meeting will be proposed to the Cabinet for consideration within this April. The Department of Trade Negotiations’ (DTN) Director General Auramon Supthaweethum, said today that as a member of the CPTPP, Thailand may gain an additional 0.12 percent GDP growth worth 13 billion baht, however Thailand may lose 0.25 percent economic growth if it chooses not to join the partnership, resulting in a loss of about 26 billion baht. She said the CPTPP will provide opportunities for Thai products to hit new markets in countries without existing FTA agreement with Thailand, such as Canada and Mexico, while certain products such as rice, rubber, canned pineapple, vehicles, and electronic appliances would benefit from the new partnership. The DTN is collecting related information to propose to the Cabinet for consideration before this April, which should allow enough time for the government to prepare should it decide to move forward with CPTPP negotiations, at a ministerial meeting of member states scheduled for August. -- © Copyright NNT 2020-02-17 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
PatOngo Posted February 16, 2020 Share Posted February 16, 2020 26 minutes ago, webfact said: as well as gathering public input Can't wait to hear what Daeng the tuk tuk pilot has to offer! Link to comment Share on other sites More sharing options...
Tayaout Posted February 16, 2020 Share Posted February 16, 2020 I see my flag there. Does it means I would get any advantage? I have the right to keep dreaming. ???? Link to comment Share on other sites More sharing options...
RichardColeman Posted February 16, 2020 Share Posted February 16, 2020 1 hour ago, webfact said: Thailand may gain an additional 0.12 percent GDP growth worth 13 billion baht, however Thailand may lose 0.25 percent economic growth if it chooses not to join the partnership, resulting in a loss of about 26 billion baht. Sorry, but weighing up the pros and cons ? Guessing some Hi-so related official has a stake in some business that might lose out and is holding the economy 13 billion to ransom 2 Link to comment Share on other sites More sharing options...
spiekerjozef Posted February 17, 2020 Share Posted February 17, 2020 How much is a CCTV membership? 2 Link to comment Share on other sites More sharing options...
Redline Posted February 17, 2020 Share Posted February 17, 2020 Likely retail prices won’t change, just larger profits for monopolies 1 Link to comment Share on other sites More sharing options...
trainman34014 Posted February 17, 2020 Share Posted February 17, 2020 Big Brother China says join...so they will join ! 1 Link to comment Share on other sites More sharing options...
IAMHERE Posted February 17, 2020 Share Posted February 17, 2020 Didn't Thailand have a chance to be part of the TPP 4 or so years ago? Is this a new version of that trade treaty? Why would a trans pacific trade agreement be good now but not in 2015 ? Link to comment Share on other sites More sharing options...
Scot123 Posted February 17, 2020 Share Posted February 17, 2020 3 hours ago, IAMHERE said: Didn't Thailand have a chance to be part of the TPP 4 or so years ago? Is this a new version of that trade treaty? Why would a trans pacific trade agreement be good now but not in 2015 ? Brown envelope is thicker now? I am not an economist but would having to follow rules mean the death nail to Thailand as they would have to compete with products made in Japan, Australia etc on equal footing without up to 300% taxes slapped on them? I most defiantly would pay the same or a little more for a car/vehicle made in japan never mind lamb, steak, wine from Australia/New Zealand... I know the UK is not involved in this but on returning back here I have noticed things that used to be cheaper in Thailand and similar quality like clothes are far cheaper and far better quality now in the UK and as for food just walking round tesco you can see the difference which is very visible especially looking at cauliflower heads pure white no blotches and also no green worms inside. Without protectionism Thailand will die. Link to comment Share on other sites More sharing options...
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