Thailand to host APEC trade ministers meeting May 19-22

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In another development, Oramon announced the five-year vision (2022-2027) to mark the 80th anniversary of the DTN this year.

Among other things, the DTN will push for more free trade agreements to cover up to 80% of Thailand’s trading partners.

Currently, Thailand’s FTA ratio with its trading partners is 64%, while Singapore’s FTA ratio is 96%, Vietnam is 73% and the Philippines is 71%.

“This year, the DTN plans to complete ongoing FTA negotiations, such as the Thailand-Turkey FTA, Thailand-Sri Lanka FTA and Thailand-Pakistan FTA,” Oramon said.

She is confident that the free trade talks with Turkey will be concluded this year and that Thailand will then hold talks with the European Free Trade Association as well as the European Union.

The DTN will also push for an upgrade to the FTA of ASEAN dialogue partners, covering China, India, South Korea, Australia and New Zealand, Oramon said.

The DTN will gradually organize talks of the joint professional committee (JTC) with the main trading partners.

This year, Thailand hosted a JTC meeting with Vietnam and Bhutan in April and will host further JTC meetings with Singapore, UK, Maldives, China and Bangladesh, Oramon added.

She said the DTN has also developed action plans to help Thai farmers and manufacturers benefit from current free trade agreements.

For example, the DTN will organize a fair to promote the operations of its provincial FTA center in Phayao province from May 27 to 29, and in Nakhon Si Thammarat province from June 10 to 12, it said.

The DTN will hold the second fair to promote products from the four southern border provinces in Asean FTA markets in Narathiwat province from June 16 to 18, Oramon said.

The DTN will partner with the Agricultural Council of Thailand to host an event in Mae Hong Son from August 18-20 to improve farmers’ abilities to prepare for exporting produce to FTA markets, Oramon said.

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