Thailand inks pre-Brexit export quota deal with EU
Thailand inks pre-Brexit export quota deal with EU
THAILAND: Thailand and the European Union (EU) have signed a new tariff rate quota deal, under which a predetermined number of the kingdom’s goods can be exported to the bloc at pre-Brexit tax rates.
The trade agreement comes into effect next month. Photo: Bangkok Post file.
The agreement, which replaces a similar agreement that had to be renegotiated following the United Kingdom’s departure from the economic bloc on Jan 1, will come into force next month.
Pimchanok Pitfield, Thailand’s permanent representative to the World Trade Organization (WTO), said she signed the agreement with José Fernando Costa Pereira, Portugal’s ambassador and permanent representative to the EU’s Political and Security Committee (PSC) in Brussels, Belgium recently.
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Thailand and the European Union (EU) have signed a new tariff rate quota deal, under which a predetermined number of the kingdom s goods can be exported to the bloc at pre-Brexit tax rates.
The agreement, which replaces a similar agreement that had to be renegotiated following the United Kingdom s departure from the economic bloc on Jan 1, will come into force next month.
Pimchanok Pitfield, Thailand s permanent representative to the World Trade Organization (WTO), said she signed the agreement with José Fernando Costa Pereira, Portugal s ambassador and permanent representative to the EU s Political and Security Committee (PSC) in Brussels, Belgium recently.
The headline consumer price index (CPI) in January dropped a less than expected 0.34% from a year earlier, due to lower energy prices and a government utilities subsidy after a new coronavirous outbreak, the commerce ministry said on Friday.
Base year adjusted for calculation of CPI
published : 28 Jan 2021 at 04:00
1 The new CPI calculation comprises 430 items, up from 422, and includes medical face masks among other items. Somchai Poomlard
The Commerce Ministry has adjusted the base year in calculating the consumer price index (CPI), a gauge of headline inflation, starting with January s figures to keep pace with changing social and economic conditions.
According to Pimchanok Pitfield, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, the ministry will start applying 2019 as the base year, which was the year the National Statistical Office of Thailand used to complete its survey on national economic and social conditions. It was also the last full year in which Thailand was not affected by the Covid-19 outbreak.