State puts RCEP pact on fast track
The government is speeding up the process to enable parliament to approve its signing of the Regional Comprehensive Economic Partnership (RCEP) trade pact, potentially the word’s biggest free trade deal, by February 2021 to pave the way for full ratification within 2021, says Commerce Minister ...
Phusadee Arunmas
Thailand signs RCEP agreement but PM warns of challenges ahead
Prime Minister General Prayut Chan-o-cha participated on Sunday in the 4th Regional Comprehensive Economic Partnership Summit (RCEP), which was one of the meetings in addition to the 37th Asean Summit through teleconference.The PM said he was very pleased that the meeting could conclude the outcome ...
The Nation Reporter
RCEP could hurt small farmers
An Asia-Pacific trade deal backed by China could hurt small scale farmers, cause more land conflicts, and leave workers in poorer nations without protection as they struggle to deal with the pandemic, human rights groups said on Friday.The Regional Comprehensive Economic Partnership (RCEP) — that ...
GSP cuts by US will not significantly impact Thai exports [Video]
The Government Spokesperson has given assurance that cuts to the GSP (Generalized System of Preferences) privileges by the United States on certain Thai products will not have a significant impact on exports to the country, with response measures already in place.Keep watching ...
Thailand set to sign RCEP trade deal
Thailand will attend the signing of the long-awaited Regional Comprehensive Economic Partnership (RCEP) at the 37th Asean Summit under the chairmanship of Vietnam next week.It will be the first-ever virtual signing of an agreement Asean has undertaken, a Foreign Ministry official said on Thursday.Keep reading ...
Thana Boonlert
RCEP agreement to be inked in November: Thai ministry
Thailand’s Ministry of Commerce said on Friday that the Regional Comprehensive Economic Partnership (RCEP) agreement is ready to be signed in November, and is expected to take effect in the second half of next year.At the 8th RCEP Ministers’ Meeting held on Aug. 27 through ...
Fisheries department seeks to boost bass exports to China to tackle oversupply
The Department of Fisheries is discussing with foreign partners possibilities for export of Thai bass, a type of fish found in rivers and seas, to Chinese markets that still have high demand to alleviate the oversupply problem in Thailand.Wicharn Ingsrisawang, the department deputy director-general, said: ...
The Nation Reporter
Pandemic's needs ease export drop
With rising demand for rubber gloves, products related to working from home, appliances, healthcare items and food because of the pandemic, the Commerce Ministry expects the country’s overall exports to shrink by just 5-8% this year.Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, ...
Phusadee Arunmas
Commerce Ministry eyes Asian top-five trade ranking
The Commerce Ministry has set a goal to raise Thailand’s international trade value to Asia’s top five by 2027, up from eighth in 2019, by focusing on value-added industries such as digital, food and healthcare.To achieve the goal, Thailand would need to fetch at least ...
Phusadee Arunmas
Exports drop, but show signs of recovery
Exports were again in negative territory last month but the figures still bolstered confidence at the Commerce Ministry that the worst of the slump might be over.The ministry reported on Monday that exports in July contracted 11.37% year-on-year to US$18.8 billion as the coronavirus pandemic ...
Bangkok Post Reporter
