Asean ministers to sign deal on Asean MRAs

Asean ministers to sign deal on Asean MRAs

Asean economic ministers plan to sign a pact on mutual recognition arrangements for automobiles and parts as well as the improvement of protocols for dispute settlement mechanisms. (Bangkok Post photo)
Asean economic ministers plan to sign a pact on mutual recognition arrangements for automobiles and parts as well as the improvement of protocols for dispute settlement mechanisms. (Bangkok Post photo)

Asean economic ministers are scheduled to sign a pact on mutual recognition arrangements (MRAs) for automobiles and parts as well as the improvement of protocols for dispute settlement mechanisms in September.

Auramon Supthaweethum, director-general of the Trade Negotiations Department, said the third senior economic official meeting (SEOM) held during July 14-18 in Bangkok agreed to propose the two important documents at the meeting in Bangkok in September.

MRAs are deals between two or more parties to mutually recognise or accept some or all aspects of one another's conformity assessment results. MRAs can be concluded at the technical or government-to-government levels.

Through MRAs, products that are tested and certified before export can enter the importing country directly without having to undergo similar conformity assessment procedures in the destination.

The Asean SEOM in Vientiane held April 4-5 approved MRAs for automotive products among the 10 bloc members after negotiations lasting seven years.

Once effective, the pact will help reduce production costs and facilitate exports and imports of automotive products among members.

The MRA will cover automotive products such as braking systems, safety belts, seats, tyres, steering systems, speedometers and safety glass.

Previously, Asean countries agreed on MRAs for processed food and electricity and electronic products.

Mrs Auramon said the second document covers the improvement of protocol on dispute settlement mechanisms. The improvement will update Asean's dispute settlement mechanism to come in line with the changing environment and World Trade Organization dispute settlement principles.

Asean is the biggest trade partner for Thailand. In 2018, Thailand's two-way trade with Asean totalled US$114 billion, up 13% from 2017.


Do you like the content of this article?
COMMENT

Trat whirlwind uproots over 3,000 rubber trees

TRAT: A whirlwind ravaged Bo Rai district of Trat, damaging four houses and uprooting more than 3,000 rubber trees.

18:32

Spain's scandal-hit former king flees 'to Dominican Republic'

MADRID: Spain's former king Juan Carlos, at the centre of an alleged $100-million corruption scandal, has reportedly fled to the Dominican Republic after his shock announcement he was going into exile.

17:45

Cabinet approves broadening law on growing medical cannabis

The cabinet on Tuesday approved in principle a Public Health Ministry proposal to amend the Narcotics Act to allow patients, medical practitioners and traditional healers to grow cannabis for medical and commercial purposes.

17:43