webfact Posted August 13, 2020 Share Posted August 13, 2020 Trade department to push for RCEP signing in October By The Nation The department’s director-general Auramon Supthaweethum The Department of Trade Negotiations will urge the Cabinet in October to consider signing the Regional Comprehensive Economic Partnership (RCEP) pact, the department’s director general Auramon Supthaweethum said. She added that the vetting of all 20 chapters of the accord had been completed and that it can be signed during the Asean Summit in November, which will be held in Vietnam. After the signing, Thailand will have to undertake a parliamentary process to rectify the deal. The agreement is expected to come into force by mid next year. RCEP covers 16 countries – the 10 members of Asean plus the six countries that the grouping has free trade agreement (FTA)s with, namely Australia, China, India, Japan, South Korea and New Zealand. However, India has not signed the RCEP accord as of now. She said the department was educating Thai farmers and business owners on how they can benefit from the agreement. The Commerce Ministry is also studying plans to set up a fund to compensate parties affected by Thailand’s FTAs with foreign countries or free-trade blocs. Source: https://www.nationthailand.com/business/30392909 -- © Copyright The Nation Thailand 2020-08-13 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
worgeordie Posted August 13, 2020 Share Posted August 13, 2020 I thought Thailand were not going to join ,what has changed regards Worgeordie Link to comment Share on other sites More sharing options...
Grumpy John Posted August 13, 2020 Share Posted August 13, 2020 The worst part of these deals is my country, Australia, gets tied up in them. The problem being it usually ends up not good for Australia. Take for example the BS FTA Australia has with Thailand. It's been a disaster for us! Link to comment Share on other sites More sharing options...
Cake Monster Posted August 14, 2020 Share Posted August 14, 2020 On 8/13/2020 at 3:22 PM, webfact said: After the signing, Thailand will have to undertake a parliamentary process to rectify the deal. Is this a typo, should it not read " Ratify ", or will Thailand rectify the deal to make it better for themselves. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now