The New Zealand-Thailand Closer Economic Partnership agreement was signed on 19 April 2005 and took effect on 1 July 2005.
One of the main impacts expected from this deal was to be in the dairy sector. Fonterra, a dairy coop and New Zealand’s top corporation, was widely projected to be the main beneficiary of the deal while Thailand’s 20,000 dairy farming families would have to adjust. In the immediate, dairy imports from New Zealand did shoot up, and many Thai dairy farmers went out of business. But then the volume of trade stabilised due to drought, high dairy prices and the melamine milk scandal.
last update: May 2012
Photo: benhosg_old / CC BY-NC-ND 2.0
New Zealand exports to Thailand have risen strongly since the two countries signed a free trade deal in 2005.
Thailand has assured New Zealand that trade talks are not in danger after last week’s military coup.
The bilateral free trade area (FTA) agreement between Thailand and New Zealand officially came into effect on 1 July 2005.
The free trade area (FTA) agreement, to be signed by New Zealand and Thailand soon, is likely to help make exports grow as targeted since various kinds of products will benefit from the deal, according to the KASIKORN Research Center.
Thailand signed a free trade agreement with New Zealand yesterday.
Prime Ministers Thaksin Shinawatra of Thailand and Helen Clark of New Zealand today announced the signing of a Closer Economic Partnership (CEP) Agreement between their two countries.
The New Zealand government today published the text of the Closer Economic Partnership agreement between New Zealand and Thailand.
Fonterra is the main exporter behind the "New Zealand" push for free trade with Thailand
The Government will play on Thai Prime Minister Thaksin Shinawatra’s known affection for New Zealand to ensure a tough deadline for negotiations on a bilateral trade deal is met.
Thailand and New Zealand start formal talks in Wellington today on a
free-trade deal that encompasses comprehensive cooperation in trade,
goods, investment, services, trade facilitation and the movements of people.