Thailand explores possibility of FTA with the UK after Tories’ victory

[webfact]

Thailand explores possibility of FTA with the UK after Tories’ victory

 

 

Thailand is considering the possibility of creating a free trade agreement (FTA) with the United Kingdom after Prime Minister Boris Johnson’s historic victory in the UK election last week, which is expected to pave the way for the passage of the Brexit law soon.

 

Ms. Auramon Supthaweethum, Director-General of Department of Trade Negotiations, said the Department of Trade Negotiations plans to study benefits and impacts from the prospective UK leaving the European Union and conduct the hearings from all parties involved in order to formulate a strategy on FTA with the UK.

 

On December 12, 2019, the Conservative party has gained a comfortable majority, winning 364 seats of 650 seats in the House of Commons, securing the premiership of Johnson, who has apparently received a mandate from the UK voters to go ahead with the process of divorcing the EU by the deadline of January 31, next year.

 

Full story: https://www.thaipbsworld.com/thailand-explores-possibility-of-fta-with-the-uk-after-tories-victory/

 

-- © Copyright Thai PBS 2019-12-16

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[petermik]

Will this remove the ridiculously high import tariffs currently charged on UK goods here........

[baansgr]

If corned beef comes down to 70 baht a tin, its good news

[trigpoint]

23 minutes ago, petermik said:

Will this remove the ridiculously high import tariffs currently charged on UK goods here........

Nah, not a hope. 

[petermik]

7 hours ago, baansgr said:

If corned beef comes down to 70 baht a tin, its good news

And the pound goes back to 60+ baht...............

[petermik]

8 hours ago, petermik said:

Will this remove the ridiculously high import tariffs currently charged on UK goods here........

 

7 hours ago, trigpoint said:

Nah, not a hope. 

We can but dream...........

[barnsleyman]

I hope the Thai Government asks if the UK Ex-pats here, can have the State Pension increases every April,same as the Ex-Pats who live in Spain etc. after all said and done, they will be out of Europe  after January 31st the same as we are here in Thailand.

[barnsleyman]

16 minutes ago, petermik said:

Nah not a hope

We can but dream...........

So very true 55555

 

[Redline]

2 hours ago, petermik said:

Will this remove the ridiculously high import tariffs currently charged on UK goods here........

I doubt it

[Chelseafan]

2 hours ago, trigpoint said:

Nah, not a hope. 

As some of you may know I buy proteins from Thailand (not as much as I used to) and to give you a few examples, I would expect prices on cooked frozen prawns to drop by at least 20% and value-added chicken (think nuggets) to drop 15%.

 

This is of course based on retailers passing on the savings to their customers.

 

Whether you agree with it or not, the EU is a protectionist movement.

 

[Baerboxer]

4 minutes ago, Chelseafan said:

As some of you may know I buy proteins from Thailand (not as much as I used to) and I would expect prices on cooked frozen prawns to drop by at least 20% and value-added chicken (think nuggets) to drop 15%.

 

Whether you agree with it or not, the EU is a protectionist movement.

 

 

The EU has, and probably always will, protect certain industries that are dear to certain influential member countries.

 

Side issue that maybe of interest. A lot of Middle Eastern wealthy business people I know were investing in Spanish fishing fleets. As well as in other food producing businesses around the world.

[Emdog]

If it could result in the cheese shop from Monty Python sketch (but with inventory, duh). I'm all in. Fear it could be like duty free shops: perhaps no tax but more than made up in excessive profit

[chilly07]

A reciprocal  agreement on pensions and inflation giving Thai's in the UK pensions  would be good. That's what the EU will be negotiating  and the US already  has. If Boris wants a Canada + deal Canadian UK pensioners could also benefit.

[Yadon Toploy]

3 hours ago, petermik said:

Will this remove the ridiculously high import tariffs currently charged on UK goods here........

Yes, but prices will be kept the same by the retailers as that's what people are willing to pay.

[Black arab]

Stinky fish, som tam coming soon to your local chippy.

[hotchilli]

5 hours ago, webfact said:

Ms. Auramon Supthaweethum, Director-General of Department of Trade Negotiations, said the Department of Trade Negotiations plans to study benefits and impacts from the prospective UK leaving the European Union and conduct the hearings from all parties involved in order to formulate a strategy on FTA with the UK

Does that mean the ridiculous tariffs on UK goods now will be removed?
Noticing anything in the supermarket which is imported is way too pricey.

[zyphodb]

5 hours ago, petermik said:

Will this remove the ridiculously high import tariffs currently charged on UK goods here........

No...

[joebrown]

What the Thai Gov agrees to in any FTA will only be adhered to by the other party, to Thai advantage. Any contract signed by a Thai eventually becomes a worthless piece of paper.

[Cake Monster]

All FTA in Thailand are a one way deal as far as the Thais are concerned.

[ParkerN]

It will involve gifts for BJ

 

1. A comb with instructions for use embossed on one side.

2. Some shirts that stay tucked in

3. Tags for his forefingers to remind him he has 2 of them no matter what the image consultants say. Thumbs don't count.

[ParkerN]

5 minutes ago, Cake Monster said:

All FTA in Thailand are a one way deal as far as the Thais are concerned.

Correct. All FTA's are FOWTA's (Free One-Way Trade Agreements). Reciprocity is not something that Thais do well. Same as honesty and genuine smiles that don't remind you of a piranha.

[emptypockets]

9 hours ago, petermik said:

Will this remove the ridiculously high import tariffs currently charged on UK goods here........

Yes it may. But then offset by internal taxes as per the Oz experience.

[emptypockets]

7 hours ago, barnsleyman said:

I hope the Thai Government asks if the UK Ex-pats here, can have the State Pension increases every April,same as the Ex-Pats who live in Spain etc. after all said and done, they will be out of Europe  after January 31st the same as we are here in Thailand.

Or maybe ask for the same treatment as Australian pensioners.

A lot of people who retired early to Thailand now have to go back and live in Australia for two years to be eligible to receive the pension overseas.

I can understand why the government did that as Oz has a very high level of ageing immigrants who take the money and time. But geez for a bloke who has worked for 45 plus years??

[emptypockets]

6 hours ago, Chelseafan said:

As some of you may know I buy proteins from Thailand (not as much as I used to) and to give you a few examples, I would expect prices on cooked frozen prawns to drop by at least 20% and value-added chicken (think nuggets) to drop 15%.

 

This is of course based on retailers passing on the savings to their customers.

 

Whether you agree with it or not, the EU is a protectionist movement.

 

Not sure what you are saying?

You expect the prices of prawns imported from Thailand to drop??

Or chicken nuggets imported into Thailand to drop in price?

[josephbloggs]

4 hours ago, Cake Monster said:

All FTA in Thailand are a one way deal as far as the Thais are concerned.

Ah right, so Thailand forces one way FTAs on other countries, really?

 

Thailand is a signatory to many FTAs - AFTA being a major one but there are many many others.   So let me get this straight, Thailand signs an FTA with ASEAN (AFTA), but only Thailand gets the benefits?  So the rest of ASEAN are morons?

Thailand has FTAs with Australia and Japan (amongst many other countries).  Those countries just let Thailand walk all over them and they are "one way FTAs"?  Please explain your reasoning.  Just because Vegemite is still expensive here you take that to mean the FTAs aren't fair?  Seriously?  Do you think they are signed after a chat and a couple of pints?

Honestly the amount of paranoid, anti Thai rubbish that people post on here is astonishing.  

[Chelseafan]

3 hours ago, emptypockets said:

Not sure what you are saying?

You expect the prices of prawns imported from Thailand to drop??

Or chicken nuggets imported into Thailand to drop in price?

I expect both prawn & chicken products (exported from Thailand into the UK) to drop

[Chazar]

15 hours ago, baansgr said:

If corned beef comes down to 70 baht a tin, its good news

hey........what about spam?

[Almer]

On 12/16/2019 at 1:20 PM, barnsleyman said:

I hope the Thai Government asks if the UK Ex-pats here, can have the State Pension increases every April,same as the Ex-Pats who live in Spain etc. after all said and done, they will be out of Europe  after January 31st the same as we are here in Thailand.

barnsleyman remind me to buy you a beer sir what a wonderful idea it is of course in Los interest   

[Almer]

On 12/17/2019 at 4:01 AM, Chazar said:

hey........what about spam?

Spam now that takes me back.