Trade

Crisis in Europe drags down Thai exports 3.6%

Published

9 years ago

May 25, 2012

Thai exports in April fell 3.67 per cent year-on-year thanks to Europe’s economic crisis, said the Deputy Commerce Minister Poom Sarapol. Exports in April were valued at US$16.9 billion Bt515 billion. In the first four months of this year, Thailand’s exports were worth US$71.5 billion, a drop of 3.86 per cent.

Exports to major markets in April fell due to worries in European economies. Those markets included the European Union, Japan, the US, South Asia, Hong Kong, Taiwan, Australia, the Middle East, Russia, Canada, Switzerland, the Indochina countries and Myanmar. It was believed that the economies in the Euro Zone have officially entered recession, according to the Office of Economic & Financial Affairs Royal Thai Embassy, United Kingdom and Europe . In April, Thailand recorded trade deficit of US$2.8 billion, a drop of 37.5 per cent from the previous month, while its trade deficit in the first four months was US$8.05 billion.

via Economic crisis in Europe drags down Thai exports in April to drop 3.6%.

China

RCEP and China: Reimagining the future of trade in Asia

The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

Published

1 month ago

December 16, 2020

Headline Editor

Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.

(more…)

Trade

Will RCEP help drive South-east Asia’s Covid-19 recovery?

The Regional Comprehensive Economic Partnership (RCEP) was finally signed on Sunday November 15, on the sidelines of the annual summit of the Association of South-East Asian Nations (ASEAN).

Published

2 months ago

November 20, 2020

Oxford Business Group

Marking a significant regional milestone, it is hoped that the RCEP will help its 15 signatories recover from the economic fallout of the coronavirus pandemic.

(more…)

China

Thailand ready to ink big Chinese-backed trade deal

The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

Published

2 months ago

November 13, 2020

Olivier Languepin

Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.

(more…)