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“Kasikorn Research Center” points out that if “Joe Biden” wins the US election to “CPTPP” he will surely fear the Thai drop in formation – dragging down competitiveness. Feed the government’s decision
Dr. Chaow Kengchon, Executive Director The Kasikorn Research Center said it has yet to win the official results of the US presidential election. That he still cannot decide that Mr. Joe Biden of the Democrats OR will win Donald Trump of the Republican Party, but it is expected that If Biden wins, the United States will rejoin the Comprehensive and Progressive Agreement for the Pacific Economic Partnership (CPTPP). The Thai authorities would have to go back and consider these issues as well.
This is because CPTPP will be a larger free trade area than RCEP or the regional trade alliance agreement. That is the framework of economic cooperation between the 10 ASEAN countries with the 6 existing partners: China, Japan, South Korea, India, Australia and New Zealand.
“If the US goes back to the CPTPP, it is significant, which we need to consider. It would be a very big free trade zone if we didn’t join. It will be a disadvantage. Because neighboring countries like Vietnam He is already in it. It also has a free trade agreement (FTA) with all of Europe. He already has an advantage. It will allow investors to move their bases to Vietnam, also hearing that many other countries in our neighbors are also about to join the CPTPP, “said Dr. Chao.
Dr. Chaow said there are currently news to move the factory to Vietnam. For the exit from Thailand Remain in the consideration of the government who should decide whether to join the negotiations or not Whether to negotiate Once the negotiations are successful, the parliament will still be approved, so the process will take years.
“I think the private sector will try to present this to the government. Whether there is us OR there is no America back on CPTPP However, the Thai government should consider this matter. It is an important issue for the country’s competitiveness, that in addition to the CPTPP, the trade framework between Thailand and the European Union (EU) is another stage for Thailand to also accelerate negotiations, “said Dr. Chao.
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