Thai auto parts manufacturers have expressed strong opposition to a plan to reduce tariffs on imported Japanese automobiles with engines larger than 3,000cc under the proposed Thailand-Japan free trade agreement.
Despite the pitfalls and opportunities inherent in FTAs, they are sweeping the world and will continue growing as long as the World Trade Organisation is unable to coordinate comprehensive tariff reductions worldwide, experts said at a Bangkok seminar yesterday. Thus, Thai exporters were advised to try to work within the confines of bilateral and regional pacts.
The proposed Thai-Japanese free trade agreement should be carefully considered so as not to disadvantage other trading partners, European Union Trade Commissioner Peter Mandelson told Thailand yesterday.
Thailand is poised to open at least four new consulates in China, and is accelerating the development of logistics operations with China in anticipation of the birth of the Chinese-Association of Southeast Asian Nations (ASEAN) Free Trade aAea in 2010, Deputy Foreign Minister Preecha Laohapongchana revealed today.
Thai textile and garment producers say they will lose opportunities to sell to Japan if conditions requested by Tokyo are incorporated into a free trade area (FTA) agreement now being negotiated.
The third round of Thailand-US free trade agreement (FTA) negotiations ended on 8 April with great disappointment for civil society activists because people's demand and concerns were cast aside.
Last week saw both the signing of a Free Trade Agreement between New Zealand and Thailand and another round of negotiations with Chile and Singapore on a Closer Economic Partnership, (P-3) probably now 'successfully' concluded. "Yet few New Zealanders know about these agreements and their negative implications for many of the worst off citizens in all the countries involved", says the Action Research and Education Network of Aotearoa (ARENA).
The free trade area (FTA) agreement, to be signed by New Zealand and Thailand soon, is likely to help make exports grow as targeted since various kinds of products will benefit from the deal, according to the KASIKORN Research Center.