ISDS Case Map
Thailand
The value of cross-border trade between Thailand and Laos is forecast to reach 80 billion baht at the end of this year, as the Thai government is pursuing a new strategy to optimise free trade agreements.
The Thai government will propose the Parliament to endorse a bilateral free trade area agreement with Peru next month in order to enhance the effectiveness of trade pacts this year, according to Thai Commerce Minister Porntiva Nakasai.
India and Thailand are likely to restart talks on a full-fledged free trade agreement including goods, services and investments.
The draft will be proposed for the approval of parliament before negotiations kick off.
The government should set up an agency to follow up the implementation of the Japan-Thailand Economic Partnership Agreement (JTEPA) in order to make it more effective, says the Thailand Development Research Institute (TDRI).
The Thai government is accelerating the process of establishing preliminary guidelines and conducting public hearings in order to launch free-trade agreement (FTA) talks with the European Union by June, a move seen as necessary to ensure the Kingdom remains competitive with potential rivals who are also looking to ink a pact with the bloc.
The surge in Thai exports to China is attributed to China's strong economic growth and the implementation of the China-ASEAN free trade agreement on January 1
Thai entrepreneurs need to make the best use of tariff cuts under free trade agreements, says Charoen Pokphand Group, Thailand's leading agricultural conglomerate.
"There is no question that President Obama's efforts to at least start talking to a few countries in Asia about a free trade agreement are the right step. Whether Thailand is ready to engage with the US in a free trade discussion is really a question for the Thais themselves," says the president of the American Chamber of Commerce in Thailand.
Thailand is expected to start a first round of negotiations toward a bilateral free-trade agreement with the European Union by the middle of the year, to remain competitive with rivals Vietnam and Singapore.
