Trade policy and regulation

Joining BRICs would lead to opportunities for Thailand

Joining the BRICs alliance would present economic opportunities for Thailand, as the alliance, comprising Brazil, Russia, India, China, and South Africa, is enjoying strong negotiating power in trade agreements, according to former finance minister Thirachai Phuvanatnaranubala.Trade with China was extensive back in the days when ...

The Nation Reporter

Thailand calls for businesses’ cooperation to stabilise product prices

The Thai Commerce Ministry has called for continued cooperation from manufacturers to maintain product prices as long as possible in order to curb the negative impact on consumers.This move came after manufacturers proposed to increase the prices of their products to cope with higher production ...

Minister to submit letter on CPTPP

Thailand’s decision on whether to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is becoming clearer, as Foreign Minister Don Pramudwinai is expected to submit a letter of intent soon for the country to apply to join the pact to the cabinet for ...

Phusadee Arunmas

Ministry to propose frameworks for FTAs

The Commerce Ministry looks set to propose negotiation frameworks for the Thai-EU free trade agreement (FTA) and Asean-Canada FTA for cabinet approval in the third quarter, aiming to boost the country’s exports.Speaking after the Joint Public and Private Sector Consultative Committee on Commerce meeting yesterday, ...

Phusadee Arunmas

Ministry ready for more mini-FTAs

Thailand aims to clinch deals to form deeper trade partnerships through “mini-FTAs” with Hainan, China and Telangana, India by August after the country on Monday inked a memorandum of understanding (MoU) to form a mini free trade agreement (mini-FTA) with Kofu city in central Japan.Commerce ...

Phusadee Arunmas

Online logistics business talks with Myanmar, Laos create over Bt130 million in trade value

The Department of International Trade Promotion’s (OBM) negotiations with Myanmar and Laos to help Thai logistics operators has yielded a trade value of more than Bt130 million, director-general Somdet Susomboon said on Wednesday.The two sets of OBM negotiations covered joint ventures, business cooperation, transportation and ...

The Nation Reporter

RCEP going to parliament, instant enforcement likely

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.Sansern Samalapa, commerce vice-minister, said the ministry expects ...

Phusadee Arunmas

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 ...

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