The Department of Trade Negotiations (DTN) has disclosed that Thailand is the world’s largest rubber exporter, with China as the biggest market thanks to its free trade agreements with many countries.
Free Trade Agreements (FTAs) between Thailand and 17 partner countries have helped international trade value in the first half of this year to reach 140 billion USD, with ASEAN remaining the top trading partner.
The 4th Industrial Revolution might considerably affect developing countries. As ASEAN chair, Thailand has held an ASEAN meeting to discuss the 4IR issue and map a strategy to cope with it.
Thailand’s Ministry of Commerce has reported that the country’s exports of fruits and vegetable to China surged 31 percent in the January-May period to 1.2 billion USD.
Thailand aims to conclude negotiations on the Regional Comprehensive Economic Partnership (RCEP) and fully implement the ASEAN Single Window (ASW) for all 10 member countries by the end of this year.
Thailand is eyeing economic opportunities at the 17th Meeting of the ASEAN-Korea Free Trade Agreement Implementing Committee (AKFTA-IC) in Seoul from February 12-14.
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