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Thailand pushes to finish RCEP talks by November

The RCEP initiative was launched in November 2012 with the aim of boosting economic cooperation between 10 ASEAN countries and six dialogue partners, namely China, Japan, the Republic of Korea, Australia, India and New Zealand.

Boris Sullivan

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Thailand will hold bilateral negotiations with Japan, New Zealand and India in an attempt to finish talks on the Regional Comprehensive Economic Partnership (RCEP) by November.

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Local media quoted Auramon Supthaweethum, Director-General of the Trade Negotiations Department of Thailand, as saying that the country has scheduled bilateral negotiations with the three partners during the RCEP trade negotiating committee’s meeting set for Vietnam’s central city of Da Nang later this month, to thrash out differences on contentious issues such as opening markets for sensitive goods and services.

The RCEP initiative was launched in November 2012 with the aim of boosting economic cooperation between 10 ASEAN countries and six dialogue partners, namely China, Japan, the Republic of Korea, Australia, India and New Zealand.

Negotiators from all the participating countries have concluded talks on seven articles from a total of 20, including customs and trade facilitation; state procurement; economic and technical cooperation; and small- and medium-sized ent

Thailand works to speed up RCEP talks | World | Vietnam+ (VietnamPlus)

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Economics

Cross-border trade is expected to grow up to 3-6%

National News Bureau of Thailand

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BANGKOK (NNT) – Thailand’s cross-border trade is expected to recover to growth of 3-6% this year, helped by COVID-19 vaccine distribution and the global economic recovery.

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Foreign Trade Department Director-General Keerati Rushchano said cross-border trade, which includes transit trade, is likely to generate 1.36 to 1.40 trillion baht, up from 1.31 trillion baht in 2020.

According to Mr Keerati, the key risk factor that may derail border trade growth is the political chaos in Myanmar that will weaken purchasing power there and cause a delay in goods transport.

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Tourism

Thai government may subsidise an unlimited domestic air pass

The government looks to offer a subsidy for an unlimited travel pass to people who buy domestic air tickets in advance to help struggling airlines in Thailand.

National News Bureau of Thailand

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BANGKOK (NNT) – The government looks to offer a subsidy for an unlimited travel pass to people who buy domestic air tickets in advance to help struggling airlines in Thailand.

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Asean

Canada, Indonesia Trade Talks Begin for Comprehensive Economic Partnership Agreement

The CEPA would benefit Canadian exporters and importers as it will improve access to ASEAN’s largest economy and the world’s fourth most populous country.

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Canada, Indonesia Trade Talks Begin for Comprehensive Economic Partnership Agreement

On January 11, 2021, Canada’s Minister of Small Business, Export Promotion, and International Trade, Mary Ng, announced that the country has launched public consultations on a Comprehensive Economic Partnership Agreement (CEPA) with Indonesia. 

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