Pakistan has had an increasing trade deficit with Thailand; for the period 8MFY18 the trade deficit has increased by 44 percent YoY as increases in imports from Thailand greatly outweigh rise in exports. In monetary terms, the trade deficit of 8MFY18 at $611 million is almost at par with FY16’s annual deficit, indicating the speed at which it is growing.
An amendment recently introduced in Thai parliaments will take seeds out of the hands of women, farmers and indigenous peoples who have kept seeds, shared seeds and developed a wealth of local knowledge on plant varieties— and put them instead in the hands of large corporations.
Pakistan and Thai governments are actively engaged in talks on free trade agreement (FTA) and with signing of the FTA, the bilateral trade will instantly boost as there is a huge potential on the both sides.
Deputy Prime Minister Somkid Jatusripitak said it is important to prepare for being a member of the free trade agreement.
Thailand is expecting “some progress” towards finalisation of the long-delayed Regional Comprehensive Economic Partnership (RCEP) before July as a ministerial-level meeting is likely soon to address many of the pending issues.
DBAR ICoE-Bangkok is one of eight such centres around the world. It will leverage Earth observation and big Earth data from satellites and other sources to support decision-makers in the implementation of projects related to the Belt and Road Initiative and managing risks associated with climate change.
Current 11-nation trade agreement set to be signed next month. Donald Trump says U.S. re-entering trade deal a ‘possibility’.
Partners aim to triple trade to $10bn by 2020.
Thailand has entered into negotiations for a number of free trade agreements (FTA). Its first FTA was the Asean Free Trade Area, signed in 1992. The country has six FTAs with India, Australia, New Zealand, Japan, Peru and Chile.
Thailand has proposed to start Free Trade Agreement or FTA talks with Bangladesh as Bangkok wants to enhance the economic cooperation with Dhaka.
Thai delegation heads to Europe next year.
The Foreign Affairs Council of the European Union agreed to gradually resume all political re-engagement with Thailand and to possibly restart free trade talks.
Chatree mine’s operator, Australia’s Kingsgate Consolidated said that it would commence arbitration under the Thailand-Australia Free Trade Agreement
A Free Trade Agreement between Pakistan and Thailand will be signed on January 15 for focusing on enhancing the bilateral trade between the two countries, a top official of Ministry of Commerce said.
A Free Trade Agreement between Pakistan and Thailand will be signed on January 15 for enhancing bilateral trade between the two countries, a top official of the Ministry of Commerce said.
Pakistan and Vietnam have agreed to share an initial list of products while kicking off negotiations on a free trade agreement.
Thailand is seeking a review of the Thailand-China free trade agreement as the 0% import duty for electric vehicles could derail the country’s plan to attract foreign manufacturers.
Lighthizer stressed the need to address longstanding trade barriers, including on U.S. meat and other agriculture exports.
“I’d be concerned that USTR is pressuring Thailand to take pro-pharma positions on the RCEP and TPP,” Knowledge Ecology International Executive Director James Love said.
FTA Watch warns that Thailand would most certainly lose an arbitral tribunal process regarding allegations that it violated the Thailand-Australia Free Trade Agreement, exposing the country to huge losses due to claims for compensation.