BANGKOK, 2nd August 2019 (NNT) Thailand and the European Union are ready to sign a draft Strategic Partnership and Cooperation Agreement to promote bilateral trade and investment in the future.
Federica Mogherini, a high-level EU Representative for Foreign Affairs and Security Policy, and vice chairwoman of the European Commission, met today with Prime Minister/Defense Minister Gen Prayut Chan-o-cha during her visit to Thailand to attend the ASEAN Plus Foreign Ministers Meeting and ASEAN Foreign Ministers Meeting, on Regional Political Security Cooperation in Asia-Pacific.
The Thai premier called on the EU to have confidence in Thailand’s political situation in which democratic rule is being promoted.
He was delighted at the strengthening of relationships between Thailand and the EU, thus providing the opportunity for gradual expansion in bilateral cooperation in various regards and continuation of policies toward mutual interests.
The EU representative expressed her congratulations on Thailand’s general election and believed it would lead to political development. Thailand and the EU have fostered cordial relationships in trade, investment, tourism and culture.
FTA negotiations between Thailand and the EU
Both sides have endorsed the resumption of FTA negotiations between Thailand and the EU and between ASEAN and the EU. In addition, the Strategic Partnership and Cooperation Agreement is designed to promote bilateral trade and investment.
The draft agreement might be slightly amended since the EU has recognized Thailand’s economic preparedness and potential while investment projects by European investors have been supported in Thailand.
Supporting disadvantaged women key to achieving SDGs in ASEAN
The study, which holds a gender lens up to each of the SDGs of the 2030 Agenda, confirms that when two or more forms of discrimination overlap, barriers increase
JAKARTA, 1 March 2021 – Women and girls across South-East Asia who are members of an ethnic minority, live in a rural location, or suffer from poverty are at greatest risk of being left behind despite the region’s recent progress in gender equality, according to a new report by ASEAN and UN Women.
Has Covid-19 prompted the Belt and Road Initiative to go green?
– Chinese overseas investment dropped off in 2020
– Government remains committed to the wide-ranging infrastructure programme
– Sustainability, health and digital to be the new cornerstones of the initiative
Following a year of coronavirus-related disruptions, China appears to be placing a greater focus on sustainable, digital and health-related projects in its flagship Belt and Road Initiative (BRI).
As OBG outlined in April last year, the onset of Covid-19 prompted questions about the future direction of the BRI.
Launched in 2013, the BRI is an ambitious international initiative that aims to revive ancient Silk Road trade routes through large-scale infrastructure development.
By the start of 2020 some 2951 BRI-linked projects – valued at a total of $3.9trn – were planned or under way across the world.
However, as borders closed and lockdowns were imposed, progress stalled on a number of major BRI infrastructure developments.
In June China’s Ministry of Foreign Affairs announced that 30-40% of BRI projects had been affected by the virus, while a further 20% had been “seriously affected”. Restrictions on the flow of Chinese workers and construction supplies were cited as factors behind project suspensions or slowdowns in Pakistan, Cambodia and Indonesia, among other countries.
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