New US-Japan pact ‘really an opportunity for Thai exporters’

By THE NATION

 

Pimchanok Wonkorporn

 

The US-Japan Trade Agreement (USJTA) will not affect Thailand’s trade and may even help boost export to the two countries, Pimchanok Wonkorporn, director for the Trade Policy and Strategy Office (TPSO), said.

 

This agreement went into force on January 1, 2020, with the aim of expanding trade between the two countries as well as control their total exports.

 

“Most products from Thailand can still compete with those sold in the US and Japan,” Pimchanok said. “However, we may face some pressure in exporting industrial products to the US, since we have no agreements.”

 

TPSO estimates that Thai products have a larger market share in Japan compared to the US, because many products from Thailand such as sausages, frozen vegetables, juice, wax, sauces etc are under great demand.

 

Tax privileges under the Japan-Thailand Economic Partnership Agreement is also helping Thailand’s market share in Japan compared to the US.

 

However, in terms of some products, such as flowers, air conditioners and mirrors, Thailand is still leading the market in the US.

 

Pimchanok said Thai exporters should shift their focus to the US and Japan in order to expand or preserve the country’s market share in both countries.

 

Source: https://www.nationthailand.com/news/30385924?utm_source=homepage&utm_medium=internal_referral

 

-- © Copyright The Nation Thailand 2020-04-14

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Really strong to find the time and power to build up a foundation for greater business during these times. Good work!

17 hours ago, webfact said:

because many products from Thailand such as sausages, frozen vegetables, juice, wax, sauces etc are under great demand.

I learned something there; which vegetables, sausages, and wax?  I want to go Big-C and try some of these excellent exports.

The great Donald J. Trump doesnt know anymore where to stick nose anymore, after he got big slap from China, for his trade war now he is turning back to Japanese which he blame first in 80s same s...t he blames now the Chinese... this guy is magic.

3 hours ago, Nino1986 said:

The great Donald J. Trump doesnt know anymore where to stick nose anymore, after he got big slap from China, for his trade war now he is turning back to Japanese which he blame first in 80s same s...t he blames now the Chinese... this guy is magic.

Yeah the CCP virus was quite the slap. Won't go unanswered, though. ????