ISDS Case Map
Thailand
This week 21 trade ministers from the Asia-Pacific Economic Cooperation group are making plans for the Free Trade Area of the Asia-Pacific (FTAAP), which they hope to finalise by end of 2015.
The International Chamber of Commerce (ICC) has said Thailand is in urgent need of an arbitration law to facilitate settlements between Thai and foreign companies, so as to increase foreign investor confidence and prepare upcoming Asean Economic Community (AEC) next year.
Japan wants Thailand to support the RCEP negotiations and proposes the resumption of the Japan–Thailand Economic Partnership Agreement (JTEPA) due to the changing political situations in the two countries.
The ASEAN-India Free Trade Agreement (FTA) in Services and Investment is one step closer to implementation following approval by Thailand’s Ministry of Commerce to accept the terms outlined in the region-wide agreement.
One of the most serious long-term damages done by any ministry under the UPA -- in India -- was commerce under Anand Sharma.
The Thai military junta has given the green light for the country to sign an agreement on the services sector among Asean members in another 24 services, as well as to sign the Asean-India Free Trade Agreement on the services sector during the upcoming Asean Economic Ministers meeting in Myanmar on Aug 24-26.
Thai industries yesterday warned the European Union that its decision to curtail diplomatic ties with Thailand after the military coup could result in mutual repercussions.
The EU will not sign the Partnership and Cooperation Agreement, precursor to an FTA, with Thailand until a democratically elected government is back in place, according to a text seen by Reuters.
Thai officials play down concerns that the political situation, which may not see a new government installed until at least June, will slow the formalising of a series of bilateral and multilateral FTAs.
India is considering withdrawing some products from the Free-Trade Agreement (FTA) with Thailand after facing a huge trade deficit, with gold likely to be excluded from the pact.
