China · Nation Thailand
Parliament clears five trade agreements to boost exports, investment and trade competitiveness
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2 แหล่งข่าวยืนยัน
Suphajee Suthumpun, Deputy Prime Minister and Minister of Commerce, said a joint session of MPs and senators has approved the submission of five trade agreements aimed at strengthening Thailand’s export competitiveness, widening market access and supporting long-term economic growth.
Key facts
- The agreements were submitted during Parliament’s 3rd Session, First Annual Ordinary Session
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- The two new FTAs are the Thailand-European Free Trade Association Free Trade Agreement and the Thailand-Bhutan Free Trade Agreement
- The upgraded agreements cover the ASEAN-China Free Trade Area and the Second Protocol to Amend the ASEAN Trade in Goods Agreement
Summary
The agreements were submitted during Parliament’s 3rd Session, First Annual Ordinary Session. They include two new free trade agreements, two upgraded regional trade pacts and one World Trade Organisation-related protocol on fisheries subsidies.
The two new FTAs are the Thailand-European Free Trade Association Free Trade Agreement and the Thailand-Bhutan Free Trade Agreement. The upgraded agreements cover the ASEAN-China Free Trade Area and the Second Protocol to Amend the ASEAN Trade in Goods Agreement. The fifth agreement is the Protocol Amending the Marrakesh Agreement Establishing the WTO to incorporate the Agreement on Fisheries Subsidies.