Thailand Should Join Asia-Pacific Trade Pact Talks: Business Group

Thailand Should Join Asia-Pacific Trade Pact Talks: Business Group

Thailand should take part in Asia-Pacific trade agreement talks in August to help to decide whether to join the pact, a group of leading Thai business associations said on Wednesday. The country has said previously it could seek membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as competition intensifies in electronics and agriculture from rivals such as Vietnam and Malaysia.

Opposition parties and some civil society groups oppose membership of the trade agreement, saying it could harm the farm and healthcare sectors.

But joining the talks will help the country learn more about the pact so it can adjust to competition, Predee Daochai, chairman of a joint standing committee on commerce, industry and banking, told a briefing. Read more…..

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