ID :
173811
Thu, 04/07/2011 - 13:03
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http://m.oananews.org//node/173811
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Natural disaster in Japan won’t affect free trade reviews, says Thai authority
BANGKOK, April 7 (TNA) - The Thai Ministry of Commerce said on Thursday that Japan has confirmed it will review details of two free trade agreements concerning Thailand although the Japanese economy is suffering from impacts of a massive earthquake and tsunami on March 11 and is under rehabilitation.
Srirat Rathapana, Director-General of the ministry's Department of Trade Negotiations, told a seminar on the Japan-Thailand Economic Partnership Agreement (JTEPA) held in Bangkok that the two free trade pacts include the JTEPA and the ASEAN-Japan Free Trade Agreement, which took effect in 2007 and 2008, respectively.
Srirat acknowledged that both agreements have boosted Thailand's exports of products and services and other Southeast Asian countries to Japan and have also expanded investment of Southeast Asian nations in Japan.
Japan is the most important trade partner of Thailand. From 2007 to 2010, Thai exports to Japan reached 49.79 billion US dollars; while shipments of Thai products to Japan during the first two months of this year stood around 10.6 billion US dollars, a 15.08 per cent year-on-year. Major Thai exports to Japan include rubber, automobiles and computer components.
According to the Thai senior official, local business operators have exercised some 70 per cent of privileges available from both free trade agreements; while concerned authorities want the Thai private sector to fully exercise 100 per cent of the privileges; so, her department and relevant agencies will encourage the local private sector to meet the target. (TNA)
Srirat Rathapana, Director-General of the ministry's Department of Trade Negotiations, told a seminar on the Japan-Thailand Economic Partnership Agreement (JTEPA) held in Bangkok that the two free trade pacts include the JTEPA and the ASEAN-Japan Free Trade Agreement, which took effect in 2007 and 2008, respectively.
Srirat acknowledged that both agreements have boosted Thailand's exports of products and services and other Southeast Asian countries to Japan and have also expanded investment of Southeast Asian nations in Japan.
Japan is the most important trade partner of Thailand. From 2007 to 2010, Thai exports to Japan reached 49.79 billion US dollars; while shipments of Thai products to Japan during the first two months of this year stood around 10.6 billion US dollars, a 15.08 per cent year-on-year. Major Thai exports to Japan include rubber, automobiles and computer components.
According to the Thai senior official, local business operators have exercised some 70 per cent of privileges available from both free trade agreements; while concerned authorities want the Thai private sector to fully exercise 100 per cent of the privileges; so, her department and relevant agencies will encourage the local private sector to meet the target. (TNA)
