LEADING THE WAY
Thailand's move to join the fta race: A good thing?
- Published: 22 Jan 2013 at 00.00
- Newspaper section: Business
Thailand has recently stepped up its efforts on opening its market by joining various Free Trade Agreement (FTA) negotiations. Two of the most recent and perhaps most significant ones are Thailand's decision to join the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP).
Despite the wide media attention it received, there seems to be still some confusion and misconception about what these FTAs would mean for Thailand: which countries are involved, when these FTA will enter into force, which FTA would be better for Thailand, and so on?
It would be too ambitious (if not impossible) trying to take away all of misconceptions in this article. However in order to better understand these FTAs as well as their potential impact on Thailand, let's take a few steps back and have a look at these FTAs in more detail to put things into perspective, starting with the TPP.
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