Thailand preparing to cash in on trade ties with UK after Brexit

[snoop1130]

Thailand preparing to cash in on trade ties with UK after Brexit

 

 

The Ministry of Commerce will accelerate moves for a free trade agreement with Britain after it officially leaves the EU, a senior official said.

 

The ministry is planning to hold a seminar to give knowledge about trade regulations with Britain after Brexit this March, so that Thai entrepreneurs are not affected by the changes.

 

Auramon Supthaweethum, director-general of the Trade Negotiations Department, said that the United Kingdom officially ceased to be a member of the European Union (EU) at 11 pm GMT on January 31, three and half years after Britain voted to leave the EU in a referendum.

 

From now until the end of 2020, it will be a transition period of 11 months for the UK to remain under British regulations but without voting rights. Both sides must hasten negotiations, establish trade and security agreements, in order to ensure smooth relations between the two sides when the UK completely leaves the EU on January 1, 2021.

 

Auramon said Britain’s exit from the EU will not have much of an impact on Thailand. There may be a slight fluctuation in the value of the pound. But trade between the UK and other countries, including Thailand, will continue as normal under old trade rules, as though the UK is still a part of the EU for at least until the end of the year. However, during this period the UK will hold discussions for a trade agreement between them. The Thai Trade Negotiations Department will follow up on these discussions to coordinate with relevant sectors and prepare for appropriate adjustments.

 

She said the department has closely followed the Brexit situation and was preparing measures to support any after-effects. In particular, there will be negotiations with both the EU and Britain on the amendment of the WTO tariff quota table for 31 products, including cassava, cassava flour, white rice, brown rice, broken rice, animal products, canned fish wings, etc for which Thailand has received quotas from the EU. It will have to allocate new quotas after Britain leaves the EU with the primary goal of preserving Thailand’s full quota. Both the EU and Britain have to allocate new quotas, which should not be less than what Thailand enjoyed while Britain was still an EU member as well as reflecting the actual trade volume between Thailand and the EU. Britain is Thailand’s 21st most important trading partner (second in the EU behind Germany), with trade in 2019 valued at $6.26 billion. Thailand enjoyed a trade surplus of $1.426 billion.

 

Closer relations with the UK after Brexit is, therefore, a matter of importance to Thailand. The department is currently studying the policies and measures that hinder trade and investment between Thailand and the UK. There are meetings scheduled to brainstorm opinions with the government and the private sector on February 7 and 13 respectively. When Thailand and the UK complete each other’s trade policy studies, both sides will go into the discussions to prepare a joint trade policy report. This will help pave the way for FTAs to be created in the future.

 

In this regard, trade between Thailand and England in 2019 totalled US$6.260 billion, down by 11.04 per cent from the same period last year, with Thai exports to the UK worth $3.843 billion. Major exports include processed chicken, cars and equipment, electrical circuits, gems and jewellery, motorcycle machinery, etc. Thailand’s imports from Britain amounted to $2.417 billion. Major imports were machinery and components, electrical circuit boards, beverages, medical and pharmaceutical products, etc.

 

Source: https://www.nationthailand.com/business/30381459

 

-- © Copyright The Nation Thailand 2020-02-03

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[pixelaoffy]

UK should only agree to deal if UK citizens get the same rights as Thais do in UK, in other words able to own the freehold if a property 

[Mavideol]

30 minutes ago, snoop1130 said:

Closer relations with the UK after Brexit is, therefore, a matter of importance to Thailand.

555 can't find any words

[faraday]

Processed Chicken.

 

CP wants UK market share.

[exparte]

The word "Free" in Free Trade Agreements is a complete misnomer. that is why the new US Mexico Canada Agreement (USMCA) is not longer called the North American Free Trade Agreement (NAFTA). Free Trade Agreements are never Free.    

[Laughing Gravy]

Waiting for all the doomsayers who want the UK to fail after a democratic referendum and the people voted out.

 

Not to worry there is a big world outside of the EU and Thailand would be smart to take the opportunity to trade with the UK.

[trainman34014]

Britain should only agree any deal if all the crazy Import Tarrifs are dropped !

[mrfill]

13 hours ago, pixelaoffy said:

UK should only agree to deal if UK citizens get the same rights as Thais do in UK, in other words able to own the freehold if a property 

And Thailand should insist that their citizens can get 30 day visa exempt entry then.

[RichardColeman]

 

12 hours ago, trainman34014 said:

Britain should only agree any deal if all the crazy Import Tarrifs are dropped !

That's a mad idea to me, dropping the price of Alpen would make me appear less hi-so and I want to keep up the  appearance with the Tops staff

[vogie]

14 hours ago, Mavideol said:

555 can't find any words

How about jealousy, hurt or even dissapointed. ????????????????

[ChipButty]

14 hours ago, pixelaoffy said:

UK should only agree to deal if UK citizens get the same rights as Thais do in UK, in other words able to own the freehold if a property 

Exactly my sentiments like for like

[ChipButty]

38 minutes ago, mrfill said:

And Thailand should insist that their citizens can get 30 day visa exempt entry then.

No British citizenship and passports 

[manhood]

I am happy to see the result of "thai brainstorming" in this case. Sure a big demand from the thai government but won't accept that UK isn't a ATM!

[Bundooman]

13 hours ago, Laughing Gravy said:

Waiting for all the doomsayers who want the UK to fail after a democratic referendum and the people voted out.

 

Not to worry there is a big world outside of the EU and Thailand would be smart to take the opportunity to trade with the UK.

I agree. I am in favour of Brexit and delighted we have the opportunity to choose who we trade with, Including Thailand.

 

Now, UK can subject all imports from Thailand at the same taxation levels as all the so-called luxury goods which are currently excessively and massively taxed on here in the land of smiles.

 

Or we can have 'a free trade agreement', providing we Brits can have the same rights here as those Thai Nationals over there. Right? 

 

And enjoy the standards of living that we are accustomed to in the UK, or, specifically - me, (in case some smarta**es think we are less sophisticated than they are!

[ChipButty]

Compulsory health insurance would be a start.

[Fairynuff]

14 hours ago, Laughing Gravy said:

Waiting for all the doomsayers who want the UK to fail after a democratic referendum and the people voted out.

 

Not to worry there is a big world outside of the EU and Thailand would be smart to take the opportunity to trade with the UK.

Of course the UK was right to leave the worlds biggest trading block which just happened to be on its doorstep to do a great deal with Thailand. And now they have to beg the EU to get back a fraction of what they’ve just given up. Booked your ticket to Little England yet?

[mrmicbkktxl]

1 hour ago, mrfill said:

And Thailand should insist that their citizens can get 30 day visa exempt entry then.

Why a first word country like the UK,should give easy access to people from a 3rd world country,who are also known to overstay their visa or disappear and work with a touristvisa

[hotchilli]

15 hours ago, snoop1130 said:

Thailand preparing to cash in on trade ties with UK after Brexit

Only if it's a level playing field, ie: drop the "luxury tax" on everything imported to Thailand while expecting tariff free into UK

[asanee]

This lady must have good views for the future, knowing very well that BoJo has no clue about how to make a deal, will lead that island in the sea to poverty-and then they have to eat processed canned FISH wings!!-thats even less as a poor mans diet.

Perhaps it can all be made OK when they succeed in getting BoJo here, send a few Sukhumvit soi 8 ladies to him at his utter surprise (most of you Brits dont know anything else too-except those happily married with Isany ladies and living in Baan Nowhere) and then hastily struck some agreement so that shrewd Thai can have it all. Do you UKkies really think Thai will give you access to land as all other 200+ nations in this world cannot?

[andygrr]

 Hopfully then Thailand would get added to the list of countries where your UK pension is not frozen.

[sandyf]

43 minutes ago, Bundooman said:

I agree. I am in favour of Brexit and delighted we have the opportunity to choose who we trade with, Including Thailand.

 

Now, UK can subject all imports from Thailand at the same taxation levels as all the so-called luxury goods which are currently excessively and massively taxed on here in the land of smiles.

 

Or we can have 'a free trade agreement', providing we Brits can have the same rights here as those Thai Nationals over there. Right? 

 

And enjoy the standards of living that we are accustomed to in the UK, or, specifically - me, (in case some smarta**es think we are less sophisticated than they are!

Only the naive would think that world is queuing up to do business with the UK. As already pointed out there is no such thing as a "free" trade agreement, they all come at a cost. Do people really think that the commonwealth nations will have forgotten how they were treated by Westminster in the past, there are no "friends" in trade agreements. India has already asked for more visas and NZ/Oz, like everyone else, want to sell more to the UK. Hardly surprising that Thailand and in particular Tesco are going to take every opportunity to increase imports to the UK. Greater imports is not in the UK interest and will impact greatly on UK jobs.

The US has it's sights on the UK pharmaceutical industry, big profits if they can jack up the price of medicines. Also out to remove the EU protected name arrangement to pursue greater sales to the UK.

Of course the brexiteer was never bothered about the knock on effects, or if Scotch comes from Scotland, if Cornish Pasties, Cumberland Sausage and the like are from England just as long as they got out of the EU.

[Laughing Gravy]

1 hour ago, Fairynuff said:

Of course the UK was right to leave the worlds biggest trading block which just happened to be on its doorstep to do a great deal with Thailand. And now they have to beg the EU to get back a fraction of what they’ve just given up. Booked your ticket to Little England yet?

Actually the countries outside of the protectionist racquet called the EU are bigger than the EU. I am glad you agree that the UK was right. That is what democracy is about not what you want.

[sungod]

3 hours ago, mrfill said:

And Thailand should insist that their citizens can get 30 day visa exempt entry then.

No worries, fine with me.

 

But to have a perfect level playing field, all Thais have to report to immigration every time they overnight somewhere else, and every 90 days for no other reason than we said so.

 

That's reciprocal!

[Laughing Gravy]

1 hour ago, mrmicbkktxl said:

Why a first word country like the UK,should give easy access to people from a 3rd world country,who are also known to overstay their visa or disappear and work with a touristvisa

Well that's exactly what has been happening since the late 1990s thanks to Tony Blair and the EU only no visa required at all.

 

[Laughing Gravy]

1 hour ago, Fairynuff said:

And now they have to beg the EU to get back a fraction of what they’ve just given up. Booked your ticket to Little England yet?

No begging at all.

 

You obviously have not been watching BJ yesterday on TV. As for your last jibe is that the best you can do.

 

You must be a remainer,  a Scottish nationalist, Someone who wants Ireland unified or one of those EU nationals who just can't fathom why the UK people voted to leave.

 

Either way your comment is cheap and nasty.

[Magenta408]

Great! Thailand produces a lot of agricultural products which the UK could readily use. 

[Baerboxer]

3 hours ago, Fairynuff said:

Of course the UK was right to leave the worlds biggest trading block which just happened to be on its doorstep to do a great deal with Thailand. And now they have to beg the EU to get back a fraction of what they’ve just given up. Booked your ticket to Little England yet?

 

The fact so many Europhiles, so anxious it seems for a politocracy run by bureaucrats, seem so desperate for the UK to fail says so much about their real concerns. A vast bureaucratic socialist state, with regional members ignoring and cheating on the rules and all trying to take out more than they put in; with democracy ignored because the political class and their bureaucrats "know best". How can it fail? No wonder the citizens are becoming paranoid!

 

 

[Laughing Gravy]

22 minutes ago, Magenta408 said:

Great! Thailand produces a lot of agricultural products which the UK could readily use. 

You are right. That is the sad thing that happened to the UK. They stopped being able to feed itself. The common agriculture policy basically stopped British farmers producing and it went to the continent like France. The fisheries policy stopped British ships for fishing in their own waters. Cheers EU.

 

People still wonder why the UK voted leave.

 

Yes Thai products would be welcome for me.

[nauseus]

3 hours ago, Fairynuff said:

Of course the UK was right to leave the worlds biggest trading block which just happened to be on its doorstep to do a great deal with Thailand. And now they have to beg the EU to get back a fraction of what they’ve just given up. Booked your ticket to Little England yet?

You need a special trade deal for sour grapes.

[Baerboxer]

10 minutes ago, Fairynuff said:

I know exactly why they voted to leave, but you won’t like what I’d have to say, or probably even understand 

 

You must be French or German and can't understand why some countries just don't fall for your country's cheap con tricks. 

 

Neither France nor Germany really care about democracy and the wishes of all EU citizens. Only their desire to dominate and rule and implement the great socialist state "EU experiment" with centralized control by bureaucrats matters. There will be a continued move towards lessening the effects of elections on the EU direction and more EU central control. At some point, inevitably, Germany and France will clash. Both can't be top dog. And all the others will get caught to varying degrees in collateral damage. Don't expect the UK to pay a high price for your salvation again. Putin and Xi must be pissing themselves laughing at the EU as petit generale Macron makes his play to be leader from Mutti Merkel.