FTAs help H1 2019 international trade reach 140 billion USD

 

   

BANGKOK (NNT) - Free Trade Agreements (FTAs) between Thailand and 17 partner countries have helped international trade value in the first half of this year to reach 140 billion U.S. Dollar, with ASEAN remaining the top trading partner with the highest trade amount with Thailand.

 

The Department of Trade Negotiations Director General Auramon Supthaweethum, has revealed that trade figures between Thailand and 17 FTA partners, show that overall trade in the first half of 2019 under FTAs, reached 142.97 billion U.S. dollar, 70.16 billion of which is the export figure, and 72.81 of which is the import figure.

 

ASEAN remains the top partner with the highest level of trade at 53.56 billion USD, with vehicles and car parts, processed oils, chemicals, jewellery and accessories, and plastic beads being the main export products from Thailand.

 

China ranks number two with 37.85 billion USD trade value. Plastic beads, rubber products, chemicals; fresh, chilled, frozen, and dried fruit; and computers and parts are the main export products from Thailand.

 

Japan follows at number three with 28.92 billion USD in trade value. Cars and parts, processed chicken, electrical appliances and parts, fax machines, phones and parts, and machinery are the main export products from Thailand.

 

Australia comes at number four with 7.11 billion USD in trade value. Vehicles and car parts, air conditioners and parts, rubber products, plastic beads, canned and processed seafood are the main export products from Thailand.

 

South Korea is ranked at number five with 6.96 billion USD in trade value. White sugar, air conditioners, computers, rubber products, and electrical circuits are the main export products from Thailand.

 

-- © Copyright NNT 2019-08-13Insert other media

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Plastic beads are a good seller !!

One gets the impression from this story Thailand 's exports are booming. Nothing to worry about then; those reports that exports are in decline must be false news.

Vietnam now has a Free Trade Agreement with the EU. Why doesn't Thailand have one? FTA talks between the EU and Thailand were abandon after the 2014 coup. 

The spin starts here.

2 hours ago, Cadbury said:

One gets the impression from this story Thailand 's exports are booming. Nothing to worry about then; those reports that exports are in decline must be false news.

Vietnam now has a Free Trade Agreement with the EU. Why doesn't Thailand have one? FTA talks between the EU and Thailand were abandon after the 2014 coup. 

The process to first discussion with EU about FTA has began last month, we will see the result.

4 hours ago, davehowden said:

Plastic beads are a good seller !!

Thailand is making enormous progress in World Innovation Index

41 minutes ago, Quickmill said:

The process to first discussion with EU about FTA has began last month, we will see the result.

Judging from the statement by Thai trade delegates below, the FTA will be quite a while away. 

 

 "The focus is on exchanging data to pave the way for future talks."

1 hour ago, Quickmill said:

The process to first discussion with EU about FTA has began last month, we will see the result.

The EU will collapse one day, communism don’t last long, the Soviet Union collapsed in the 90s.

 

when you take democracy and freedom  away from people they get fed up.

They did not mention elastic as an export item, Thai official have plenty of it and could export some.With the TOT using big amounts in their forecasts,budgets and results along with all other Gov authorities.

Should be interesting to see how Thai exports do in the months ahead.  With an overpriced Baht, will the government step in to help exporters?  Better idea, drop the Baht (devalue, cut more interest rates, limit or eliminate the hot money foreign inflows).

Just wait until Thailand begins exporting its recycled plastic straw-filled pillows.

Export value will explode!

I'm hoping Thailand will have a free trade agreement with the UK once Brexit is out the way...I want to buy a new Mini...at present, it'll cost me £54k from Bangkok Mini...only 26k in UK.

2 hours ago, Eric Loh said:

Judging from the statement by Thai trade delegates below, the FTA will be quite a while away. 

 

 "The focus is on exchanging data to pave the way for future talks."

My reading of it is the EU has not been impressed with Thailand's human rights record, particularly in the fishing industry. Fortunately for Thailand the EU has lifted Thailand's "yellow card" which has been in place since 2015.

But this has been met with misgivings and even strong resistance from some employment and human rights organisations who claim that human trafficking is still rampant.

The onus of proof seems to be in Thailand's court and this could be a handicap to Thailand's quest for an FTA.

https://www.theguardian.com/environment/2019/jan/10/eu-under-fire-after-lifting-threat-to-ban-thai-seafood-imports-over-illegal-fishing

30 minutes ago, Cadbury said:

My reading of it is the EU has not been impressed with Thailand's human rights record, particularly in the fishing industry. Fortunately for Thailand the EU has lifted Thailand's "yellow card" which has been in place since 2015.

But this has been met with misgivings and even strong resistance from some employment and human rights organisations who claim that human trafficking is still rampant.

The onus of proof seems to be in Thailand's court and this could be a handicap to Thailand's quest for an FTA.

https://www.theguardian.com/environment/2019/jan/10/eu-under-fire-after-lifting-threat-to-ban-thai-seafood-imports-over-illegal-fishing

EU was also not pleased that the junta government didn't invite their observation team for the election. 

7 hours ago, davehowden said:

Plastic beads are a good seller !!

Strictly a guess but I think this might mean “pellets” as used in manufacturing of various products. 

Perhaps a transliteration issue. 

8 hours ago, webfact said:

Free Trade Agreements (FTAs) between Thailand and 17 partner countries have helped international trade value in the first half of this year to reach 140 billion U.S. Dollar, with ASEAN remaining the top trading partner with the highest trade amount with Thailand.

Which will be much lower in the second half considering the Baht !

7 hours ago, davehowden said:

Plastic beads are a good seller !!

Don't knock it. At one time if you had a big enough box you could marry the chief's 4 daughters.

7 hours ago, davehowden said:

Plastic beads are a good seller !!

Yeah the Europeans bought Manhattan with them well glass beads

41 minutes ago, neeray said:

Strictly a guess but I think this might mean “pellets” as used in manufacturing of various products. 

Perhaps a transliteration issue. 

Yeah but trading beads for something sounds better than pellets ????

3 hours ago, Totoandlilly said:

The EU will collapse one day, communism don’t last long, the Soviet Union collapsed in the 90s.

 

when you take democracy and freedom  away from people they get fed up.

 

And this doesn't apply to Thailand aha? Or China, or Vietnam, Or ASIA in general?

 

Whats the difference between European countries and let's say the USA? 
Right there's none.

Both governments charge taxes. Both offer services in return.

Difference being that we spend less on military, more on health care and co.

Both systems are absolutely identical, Denmark and co have a freer market than the USA.

 

You wan't to talk about freedom? Try drinking a beer on a US beach without ending up in jail. 

 

https://www.bloomberg.com/opinion/articles/2019-07-23/the-choice-isn-t-between-capitalism-or-socialism good article about this.

 

It's all just BS rhetoric, all western countries are running the same system. Just lame ass excuses and fear mongering by politicans and  co.

The Thai economy IS booming - that must be why the banks are reducing their liability !!

A troll post has been removed. 

19 minutes ago, Fred white said:

Yeah but trading beads for something sounds better than pellets ????

Yep. Those special things called love beads wouldn't sell as well if called love pellets or would the catholic church be happy using worry pellets

????

 

13 hours ago, neeray said:

Strictly a guess but I think this might mean “pellets” as used in manufacturing of various products. 

Perhaps a transliteration issue. 

You are right