Thailand has set a target of achieve a joint understanding document that paves the way to begin talks for the long-awaited free trade agreement (FTA) with the European Union (EU) this year.
Delegations from both countries met virtually at the second round of Pakistan-Thailand bilateral political consultations.
Following the hashtag #NOCPTPP trending due to resistance directed at Thailand’s participation in the CPTPP, it has been explained that the Cabinet has only agreed to grant the Prime Minister another 50 days to consider the issue to ensure thoroughness.
The Finance Ministry is speeding up its study on the pros and cons of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as well as working on protective measures to cushion against the impact of the pact if Thailand decides to join.
Thailand and the UK plan to sign a memorandum of understanding (MoU) to set up a Joint Trade Committee on Commerce and Economic Cooperation, paving the way for a future free trade agreement (FTA) after Brexit.
Internal USTR communications lay out how the agrochemical industry is “pushing” for the US to fold this issue into the United States-Mexico-Canada Agreement (USMCA).
The parliament approved the ratification of the Regional Comprehensive Economic Partnership (RCEP) which was expected to take effect this year, said Deputy Prime Minister and Commerce Minister Jurin Laksanawisit.
The Commerce Ministry is scheduled to propose to parliament on Tuesday the ratification of the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world’s biggest free trade deal, signed by 15 nations in Asia-Pacific including Thailand last November.
Sri Lanka and Thailand have expressed hope to revive talks on a free trade deal, after two rounds of negotiations.
Seeing the pact as a vital tool for economic recovery and growth, Thai ministry expects free trade among RCEP members to start by the middle of next year, following almost eight years of talks.
Thai envoy proposed to virtually restart long-stalled talks on Free Trade Agreement (FTA) with Pakistan, pending since 2015.
China’s interconnectivity strategy under the Belt and Road Initiative enables Thailand to better exert the agreement on market opening under the framework of China-ASEAN Free Trade Area.
Sources say that Brussels is keeping its powder dry in case the situation deteriorates further in Thailand. Yet it doesn’t want to annoy Bangkok pre-emptively lest it weakens relations.
With a possible resumption of talks on the EU-Thailand free trade agreement on the cards, the European Union is being urged to require labour reform as a precondition to negotiations.
The European Union is ready to resume Thai-EU free trade agreement (FTA) talks as soon as possible, senior officials have insisted.
The loss of India from the RCEP pact is a bitter blow to Thailand which had been looking forward to becoming a partner with India’s technology sector which is also very close to that of the United States.
The RCEP agreement is ready to be signed next month, and is expected to take effect in the second half of next year, said Auramon Supthaweethum, the director-general of Thailand’s Trade Negotiations Department.
Thailand hopes to sign a free trade agreement with Bangladesh soon, outgoing Thai Ambassador to Bangladesh has said.
Pakistan and Thailand are in a process of finalising offer lists on 200 priority items under a proposed bilateral free trade agreement, it was learnt on Thursday.
Thailand has kick-started efforts to forge a free trade agreement with the European Free Trade Association, a regional trade bloc consisting of Iceland, Liechtenstein, Norway and Switzerland.