Ministry to propose frameworks for FTAs
published : 17 Jul 2021 at 04:00 Cranes load cargo onto a ship at the Bangkok port.
The Commerce Ministry looks set to propose negotiation frameworks for the Thai-EU free trade agreement (FTA) and Asean-Canada FTA for cabinet approval in the third quarter, aiming to boost the country s exports.
Speaking after the Joint Public and Private Sector Consultative Committee on Commerce meeting yesterday, Commerce Minister Jurin Laksanawisit said the negotiation framework for the Thai-EU FTA is scheduled to go before the cabinet by late September, while that for the Asean-Canada FTA is likely to be submitted to the cabinet in August.
Cross-border trade rose by 26.7% in the first four months, increasing the government's confidence such trade will grow by 3-6% this year after declining 1.7% in 2020.
Exports report robust growth in April
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published : 26 May 2021 at 04:00
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Exports are maintaining healthy growth momentum, fetching more than US$20 billion for three consecutive months and recording the highest growth rate in 36 months in April.
The Commerce Ministry reported on Tuesday exports rose for a second consecutive month, jumping by 13.1% year-on-year to $21.4 billion in April, after 8.47% growth in March and a 2.59% contraction in February.
Shipments in the real sector (excluding gold, oil-related products and weaponry) continued to soar with a 25.7% expansion in April after a 12% rise in March. Imports also increased by 29.8% last month to $21.3 billion, resulting in a trade surplus of $182 million.