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Mr. Jurin Laksanawisit, Deputy Prime Minister And Trade Minister Revealed at a special conference “In announcing the success of the Regional Economic Partnership Agreement (RCEP)”, we are confident that RCEP will bring great benefit to Thailand. Both in terms of exports of products, services and investment, especially support for Thai products with strengths such as agricultural products. Penetrate the market in 14 other countries such as cassava, tapioca starch, rubber, fish, food, etc., which will support the government’s vision to push “Thai food is the world food” and allow Thailand to become the leading world food exporter and number one in the world in the future. Currently ranked 11th in the world
In addition, there are also industrial products that will benefit, such as electrical components, plastics, automotive parts. Motorcycle clothing, including investment and service sectors Construction of business services Health-related businesses in Thailand have great potential. Including content businesses like movies, animation, games, etc. The agreement also creates new partnerships between members that are not yet in the ASEAN +1 Free Trade Agreement (FTA), such as intellectual property. Electronic commerce Competition Promotion and protection of small and medium-sized enterprises (SMEs) and cooperation in public procurement
Jurin has deposited all the sectors that after signing the agreement We need to prepare and adapt quickly to accommodate this agreement. Because there is no more than 6 months to 1 year to compete Including the acceleration of the study of regulations To adapt and use it
After this, the 15 countries have to do two things, which is to give India the opportunity to join the RCEP in the future after the suspension of the negotiations. And all members of the country must accelerate ratification For the agreement to enter into force That ASEAN has to ratify more than five countries plus at least 3 other negotiating partners, a total of 9 countries.
“With the ratification of Thailand, the Council of Ministers (Cabinet) of November 10, 2020 approved the ratification of Thailand. Which I will accelerate to bring this matter to the parliamentary hearing. To be considered at the time of this meeting That began the meeting in November 63 – February 64 if approved It will enter the ratification process In which Thailand is probably the first Taxable country For ARCEP to be effective by the middle of next year, ”said Jurin.
Ready to confirm that. Problems in Thai politics at the moment. Surely it will not affect the progress of the ratification process. Believes that all parties will agree with the common interests. Because if it is not successful it will affect Thailand trade
Ms. Oramon Subthawetham The Director General of the Department of International Trade Negotiations said that for those affected by liberalization under the RCEP, the agreement required each country to implement trade remedy measures. That Thailand has many measures to protect AND reduce the impact on Thai businessmen Both anti-dumping measures and subsidies (AD / CVD) protection measures for increased imports (Safe Guard) as well as a trade liberalization adjustment fund (TLC), both from the Ministry of Commerce. And the Ministry of Agriculture and Cooperatives That farmers and entrepreneurs will be able to use Including FTA funds That the Ministry of Commerce is in the process of establishing as well
“At this time, the Department will upgrade the business alarm system to be more modern. To monitor the business situation Member product imports, meanwhile, discussions with businessmen in many product groups Fear will be affected by imports of members of the RCEP, such as auto parts. Appliances That the operator reported that if the state took commercial corrective measures It is ready to provide full impact information, “said Ms. Armon
By products that Thai entrepreneurs fear will be affected Most of them will be products that Thailand liberalized to RCEP members, based on the liberalization of the ASEAN +1 FTA, such as the opening of additional Chinese products, electrical parts and equipment , helmet lights, open to Japan to add products. Auto parts, open to Korea, add auto parts products, fans, apparel, textiles, etc.
However, the agreement is reviewed every five years for new hires. The agreement has been in effect for 18 months before accepting new members. What happened? There are many countries applying to join, such as Hong Kong and Taiwan.
