💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Thailand wants to join CPTPP trade pact this year - deputy PM

Published 29/03/2018, 09:50 pm
Thailand wants to join CPTPP trade pact this year - deputy PM

BANGKOK, March 29 (Reuters) - Thailand aims to seek membership in a landmark Asia-Pacific trade agreement this year, a deputy prime minister said on Thursday.

The government has asked the commerce ministry to look into the details on how to join the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

"This is an important issue," Deputy Prime Minister Somkid Jatusripitak told reporters. "If there is no problem, we will join it this year."

Thailand will also seek support from Japan on the matter, Somkid said. He did not elaborate.

Membership could be a boon for Thailand as competition heats up in electronics, seafood and agriculture from rival export and manufacturing economies, such as Malaysia and Vietnam.

Eleven countries including Japan and Canada singed the CPTPP deal earlier this month without the United States. original 12-member agreement, known as the Trans-Pacific Partnership (TPP), was thrown into limbo early last year when President Donald Trump withdrew from the deal. He said the move was aimed at protecting U.S. jobs.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.