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.
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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.
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The government has pledged to work closely with the private sector to speed up the Covid-19 vaccine rollout and achieve its target of providing 100 million Covid-19 vaccine shots to inoculate 50 million people by the end of the year.
Prime Minister Prayut Chan-o-cha used a meeting with businessmen at Government House yesterday to stress that he and his ministers were committed to helping them acquire more vaccines. The prime minister was glad that the government will work with the private sector as they share a common aim of containing the outbreak of Covid-19 and restoring the economy to prepare for the reopening of the country, said government spokesman Anucha Burapachaisri.