Ministry to host sixth FTA talk with Turkey

By The Nation

 

Auramon Supthaweethum, director-general of the Department of Trade Negotiations

 

The Commerce Ministry will host the sixth round of negotiation for a Thailand-Turkey free trade agreement on December 2-4, focusing on market opening and tariffs, said Auramon Supthaweethum, director-general of the Department of Trade Negotiations, today (November 29). 

 

A conclusion of free trade negotiations is expected next year, she added. 

 

“The negotiations will centre on market opening, reducing or canceling tariffs on goods from both countries,” she said. “We expect the agreement to comprise 11 articles”.

 

She said Turkey is a potential market with a population of over 80 million and a strategic location connecting with three continents: Asia, Africa, and Europe.

 

“This agreement will help boost the combined trade value to US$2 billion next year from $1.42 billion last year,” she said.

 

“Major Thai products expected to benefit from an agreement include garments, vehicles and components, organic compounds, plastics and plastic products, rubbers and rubber products, boilers, machines, electronic devices, tropical fruits and vegetables, among others".

 

Turkey is Thailand’s 36th largest trade partner, and the fourth largest market in the Middle East.

 

In 2018, total trade value between the two countries stood at $1,427 million with $1,082 million in exports and $345 million in imports. 

 

Main Thai export products to Turkey include cars, equipment and components, air conditioners and components, synthetic fibres and rubbers while main import products from Turkey are chemicals, machine, clothes, accessories, gems, trains, equipment and components,among others.

 

Source: https://www.nationthailand.com/news/30378903

 

-- © Copyright The Nation Thailand 2019-11-30

Follow Thaivisa on LINE for breaking Thailand news and visa info

A FTA with Turkey? Things are very desperate indeed. 

Turkey is a basket case and verging on bankruptcy. And Erdogan and Prayut are birds of a feather in ways I am not allowed to describe.

Thailand needs to be careful. The EU and turkey are drifting apart and any deal with Turkey might put paid to an FTA between Thailand and the EU. They need to consider which is more important.

 

https://www.theatlantic.com/international/archive/2018/09/myth-authoritarian-competence-turkey-strongman/570514/

Thailand soon will be ''cutting coupons'' and 'collecting cans'',to save a buck ...

The main import from the Turks is of course despot leadership corruption and the how to fake a coup manual and exactly the same will be exported back there???? 

37 minutes ago, sammieuk1 said:

The main import from the Turks is of course despot leadership corruption and the how to fake a coup manual and exactly the same will be exported back there???? 

Not forgetting......how to rig elections. Like I said before Erdogan and Prayut have a lot in common.

13 hours ago, rooster59 said:

Ministry to host sixth FTA talk with Turkey

If it were to ever happen, I'm guessing the Thai idea of an FTA would follow the Asean FTA they have already cheated on to suit themselves?

 

http://www.worldstopexports.com/turkeys-top-10-exports/

Many of these exports seem to match many of Thailand's high dollar exports. So I don't see any new trade with Turkey being substantial, especially with the 'hot' baht.

 

Prawit loves a large lamb Donner kebab with extra chilli sauce.