Trade
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.
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.
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)
Forex
Strong baht sends jitters through Thai export sector
Thailand’s private sector has expressed serious concern over the strengthening baht, which has rallied to its highest level against the US dollar for six years and may badly affect the country’s export
The baht has gained 5.5% against the US dollar since January and now stands at 30-31 baht per US$, outperforming other currencies in the region.
(more…)European Union
EU to revive free trade talks with Thailand
Free trade talks between Thailand and the EU started in 2013 but were put on hold after the 2014 military coup that ousted the elected government of Yingluck Shinawatra.
The 14th Senior Officials’ Meeting between the European Union and Thailand took place in Brussels on 16 October 2019
(more…)Trade
Thailand to join RCEP in a bid to form world’s biggest trading bloc
For Thailand, the RCEP agreement may not significantly change Thailand’s trade structure because Thailand already has trade agreements with ASEAN and the other six countries
During the ASEAN summit earlier this year in Bangkok, the Thai government, as the ASEAN chair, pushed RCEP members to agree to conclude RCEP talks by the end of this year.
(more…)
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