Thailand wants to become a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in 2018, said Thai Deputy Prime Minister Somkid Jatusripitak on March 29.
Thai Deputy Prime Minister Somkid Jatusripitak (Photo: AFP/VNA)
Bangkok (VNA) –🔴 Thailandwants to become a member of the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) in 2018, said Thai Deputy Prime Minister SomkidJatusripitak on March 29.
Earlier, the Thai government askedthe Commerce Ministry to look into the procedures to join the agreement.
♓ Speaking with reporters, Somkid stressed it is a significant issue and if thereis no problem, Thailand will join CPTPP this year.
He added that Thailand will seek supportfrom Japan to join the agreement.
CPTPP membership could benefitThailand as the country’s electronics, seafood and agriculture face strongcompetitors in manufacturing and export like Malaysia and Vietnam. On March 22, Somkid said thatThailand needs to join CPTPP as well as the Regional Comprehensive EconomicPartnership (RCEP) to protect its benefit. Thailand will lose trade andinvestment opportunities if it does not take part in the CPTPP, he said, addingthat the Commerce Ministry is conducting a study of what Thailand will gain andlose under the trade deal. The CPTPP was officially inked at aceremony chaired by Chilean President Micelle Bachelet in Santiago de Chile onMarch 8, 2018. The trade ministers of 11 countriesparticipating in the trade pact, namely Australia, Brunei, Canada, Malaysia,Mexico, Japan, New Zealand, Peru, Singapore and Vietnam, attended the event. -VNA
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