Thailand plans to seek more free trade agreements (FTAs) with countries in the Middle East, Africa and Latin America by the second half of this year, a move to expand new export markets.
ASEAN and Japan have agreed to support each other in coping with the COVID-19 pandemic by focusing on easing its impact, enhancing economic flexibility, promoting export and solving problems faced by small- and medium-sized enterprises, according to the Thai Ministry of Commerce.
Regional Comprehensive Economic Partnership (RCEP) dialogue partners are advancing the review of legal texts, with an expectation of the process finishing in July so the pact can be signed at the ASEAN Summit in Vietnam later this year as scheduled.
Thailand’s Commerce Ministry has said it is ready to revise long-delayed free trade agreement (FTA) negotiations with the European Union (EU) and has scheduled public hearings nationwide before proceeding with proposals of the talks for cabinet approval by November.
The European Union has agreed to allow Thailand to negotiate its export quota for 31 products following a request lodged by Thai trade representatives in December 2018.
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