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.
Southeast Asian countries facing the daunting challenge of kick-starting economic recoveries from COVID-19 are showing little interest in a step that could help — fast-tracking free trade talks with the European Union.
The Trade Negotiations Department is scheduled to propose a study of the long-awaited free trade agreement (FTA) with the EU and present the outcome of public hearings on the pact’s impact to the commerce minister by the middle of next month.
As the 15 RCEP members are preparing to sign an agreement this November in Vietnam, the Department of Trade Negotiations is explaining how to make the most of RCEP and deal advantageously with its impacts in terms of competition among farmers, entrepreneurs, and civil society.
Thai Trade Negotiations Department looks set to conclude the overall study of the long-awaited free trade agreement (FTA) with the EU and send the report to the commerce minister for consideration this month or early next.
In this time of Covid-19, free trade negotiations have not subsided, and are even increasing. In Thailand the government is trying again to join the CPTPP.
The Commerce Ministry will ask the cabinet for approval to sign the Regional Comprehensive Economic Partnership (RCEP) in October, one month ahead of the pact’s official scheduled signing in Vietnam.
In the foreseeable future, Thailand will be shying away from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The country lacks necessary preparedness and consensus for the high-end free-trade arrangement.
The Thai Ministry of Commerce will push the country’s Cabinet in October to consider signing the Regional Comprehensive Economic Partnership (RCEP) agreement.
Thai House of Representatives Committee investigating potential impacts of CPTPP heard report from its Subcommittee on Agriculture.