Thailand Trade Agreement

Posted on Tuesday, April 13th, 2021 at 1:01 pm

Austrade can help Australian companies become familiar with local market conditions and help develop export opportunities through a number of market and Australian services. Tariffs that have not been abolished immediately will be phased out, with 95% of the current total trade between Australia and Thailand being totally tariff-free by 2010. In some cases, these rates were up to 200%. At the regional level, Thailand is a member of ASEAN and is therefore part of the bloc`s free trade agreements with China, Korea, India, Australia and New Zealand and the EU. He is also a member of BIMSTEC and was at least the protagonist under Thaksin, who worked for greater integration of trade and investment in the Mekong region under ACMECS, a framework for cooperation between Burma, Cambodia, Laos, Thailand and Vietnam. Thailand`s average MFN tariff, in effect in 2011, was 9.8%. While the average tariff on agricultural products is higher than that applied to non-agricultural products, high average tariffs have been applied for beverages and tobacco, clothing and fruits, vegetables and plants. Although Thai exporters have few trade barriers, the country`s high import tariffs, even applied to small domestic production, serve as trade barriers (Shiino, K. 2012). The country has imposed a number of regional trade agreements. Among them, Thailand is a founding member of ASEAN, the third largest trading bloc in the world after the European Union (EU), which aims to become an ASEAN Economic Community (AEC) by 2015.

During the process, ASEAN-6 member states, including Thailand, have eliminated almost all import duties, with a few exceptions, and other ASEAN-4 countries will introduce tariff reductions by 2015. Thailand also has bilateral trade agreements with Australia, India, Japan, Laos and New Zealand. Thailand`s free trade agreements sometimes involve bilateral and regional agreements. For example, trade between Australia and Thailand is governed by an agreement between the two countries and a pact between Australia and New Zealand and ASEAN, to which each country belongs. In terms of technical barriers to trade, Thailand is an active participant in standard international and regional organizations such as the International Standards Organization, the Pacific Area Standards Congress and the ASEAN Advisory Committee on Standards and Quality. While Thailand has concluded several multi-lateral mutual recognition agreements, the ASEAN Convention on Trade in Goods, concluded by ASEAN countries, requires members to apply technical rules to facilitate the implementation of all ASEAN sectoral recognition agreements (World Bank 2011). In addition, health and plant health issues, as a major exporter of agricultural and fisheries products, are of paramount importance to Thailand.

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