Thailand is joining 53 member countries to propose the World Trade Organization (WTO) address export bans on food and agricultural products after members who are net food importers raised concerns about food shortages based on the pandemic and the Russia-Ukraine war.
Thailand is scheduled to study free trade agreements (FTAs) with countries in the Middle East, Africa and Latin America by the second half of this year, a move to expand new export markets.
The Asean Economic Ministers (AEM) group wants to upgrade existing free trade agreements (FTAs) and accelerate the enforcement of the Regional Comprehensive Economic Partnership (RCEP) trade pact among all members, aiming to revive the regional economy amid the Covid-19 crisis.
A senior Indonesian official has reaffirmed the country’s commitment in implementing an energy transition roadmap during a meeting with Managing Director for Operations Axel van Trotsenburg and Vice President for East Asia and the Pacific Manuela Ferro of the World Bank on February 16.
The Trade Negotiations Department targets concluding the negotiation framework on a free trade agreement (FTA) with the EU this year and wrapping up FTA negotiations with Turkey and Pakistan.