The RCEP, led by China, is the largest proposed multilateral free trade agreement in history, involving 16 countries including India and the 10 Asean members. “Being a part of a mega-trade pact like RCEP will improve Thailand’s position geopolitically, and allow the country to benefit from free trade and mitigate the risks of the trade war hitting Thai exports such as computers, motor vehicles and chemicals,” said the director of the Thailand Development Research Institute (TDRI)’s Economic Intelligence Services (EIS), Kirida Bhaopichitr. Exports of computer parts and circuits to China fell by 18.4 per cent in October, according to Thailand’s Ministry of Commerce. Kirida spoke during the “Understanding Industry 4.0: Challenge and Opportunity for True Digital Transformation with Global and Thailand Economic Outlook 2018-2019” held by Deloitte Thailand last week. Thailand is unlikely to proceed in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as the trade pact has less weight due to the absence of the US, she added. Unlike the CPTPP, the RCEP is a more traditional type of trade deal, focusing mainly on reducing tariffs and putting less emphasis on issues such as intellectual property rights and protection. By joining RCEP, Thailand would make itself… Read full this story
- BUSINESS NEWS HEADLINES MARCH 13
- BUSINESS NEWS HEADLINES MARCH 6
- BUSINESS NEWS HEADLINES MARCH 7
- PM Nguyen Xuan Phuc attends 35th ASEAN summit
- The Latest: Italy now 2nd to China in number of virus cases
- BUSINESS NEWS HEADLINES MARCH 9
- Coronavirus latest: Austria bans travelers from Italy without health certificate
- Coronavirus latest: Germany pledges €1 billion to tackle outbreak
- Coronavirus: Is Germany doing enough to slow the outbreak?
- Coronavirus latest: France to close restaurants, cafes
Thailand urged to take lead on trade have 289 words, post on www.nationmultimedia.com at December 5, 2018. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.