Thailand-Pacific Alliance FTA benefits GDP and trade

The Free Trade Agreement (FTA) with the Pacific Alliance (PA) has raised Thailand’s gross domestic product (GDP) by 0.04% and boosted trade by 16.75%, benefiting various Thai exports.

That 0.04% increase is worth about US$200 million, according to Auramon Supthaweethum, director-general of the Department of Trade Negotiations,

Moreover, the total trade value between Thailand and the PA is projected to increase by 16.75%, or around US$1 billion, with exports increasing by 4.70%, valued at US$200 million, and imports increasing by 44.67%, valued at US$840 million. The PA will also remain a significant source of raw materials for Thailand, particularly minerals and marine animals.

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The Nation Reporter