Illustrative image (Source: AFP)
 
Bangkok (VNA) – Thailand is considering joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said Somchai Swangkarn, member of the country’s National Legislative Assembly (NLA) on March 4.

CPTPP is a replacement pact after US President Donald Trump pulled his country out of the Trans-Pacific Partnership (TPP) agreement in 2017.

Thailand once intended to join TPP, but decided to reconsider after US withdrawal, Somchai added.

In late February, spokesperson of the Thai government Werachon Sukhondhapatipak said that the government will not rule out the idea of joining CPTPP, while it also pays attention to other multilateral frameworks such as the Regional Comprehensive Economic Partnership (RCEP) and the Indo-Pacific initiated by the US, India and Japan.

Previously in November 2017, the trade ministers of the 11 nations, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam agreed to maintain the TPP, which is now renamed as CPTPP.

Member nations to the CPTPP are scheduled to sign the deal in the next negotiation round held in Chile on March 8 so that the deal will come into effect in early 2019. -VNA