50 more days granted for consideration of CPTPP

[Jonathan Fairfield]

 

BANGKOK (NNT) - Following the hashtag #NOCPTPP trending due to resistance directed at Thailand’s participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), it has been explained that the Cabinet has only agreed to grant the Prime Minister another 50 days to consider the issue to ensure thoroughness.

 

Deputy Prime Minister and Minister of Foreign Affairs Don Pramudwinai, as chairman of the International Economic Policy Commission, elaborated that the Cabinet has extended the period of consideration of participation in the CPTPP by another 50 days, until June 24, with a further extension unlikely ahead of the partnership convening in August of this year. Japan, which is chairing the partnership, has expressed a desire for Thailand to participate due to the Kingdom hosting of over 6,000 Japanese investments and being a considerable market. It was pointed out that countries including the United States and China have voiced a desire to join.

 

The DPM underlined that Thailand is still deciding whether or not it will enter into negotiations to join CPTPP and stated that even if a decision to negotiate was made, several more steps would have to take place. He also noted Thailand has the right to ask for flexibility in regard to aspects of the partnership it is not ready to embrace and could back out, if it proved unbeneficial.

 

Anticipating Cabinet’s as well as Parliament’s approval, Don said the process involved for Thailand’s membership could take eight to nine years.

 

The DPM remarked that the Prime Minister has not neglected the matter nor public perceptions, as he previously removed it from a Cabinet agenda in light of the sentiment.

 

 

 

 

 

 

-- © Copyright NNT 2021-05-09

 

[ThailandRyan]

14 minutes ago, Jonathan Fairfield said:

Anticipating Cabinet’s as well as Parliament’s approval, Don said the process involved for Thailand’s membership could take eight to nine years.

So in 8 or 9 years they will decide on a membership, so why give the PM 50 more days to consider joining the CPTPP.  It appears that they do not really want to, but then that's my view.

16 minutes ago, Jonathan Fairfield said:

and stated that even if a decision to negotiate was made, several more steps would have to take place. He also noted Thailand has the right to ask for flexibility in regard to aspects of the partnership it is not ready to embrace and could back out, if it proved unbeneficial.

It looks like it is all down to financial considerations.  You just can not make this stuff up.  Are they afraid that if they join they will be held to the terms it states.  They sure have not held to the trade agreement terms with the US.........selve serving motives only.

[pegman]

Why welcome a country like Thailand into a trade agreement when their excise taxes make so many imported goods beyond the reach of most Thais. ie: wine

[Srikcir]

5 hours ago, ThailandRyan said:

So in 8 or 9 years they will decide on a membership, so why give the PM 50 more days to consider joining the CPTPP.  It appears that they do not really want to, but then that's my view.

It looks like it is all down to financial considerations.  You just can not make this stuff up.  Are they afraid that if they join they will be held to the terms it states.  They sure have not held to the trade agreement terms with the US.........selve serving motives only.

More like foreign political considerations, ie., loyalty to China and its Silk Road initiative from which comes the Thailand-China dual railway/high-speed with China 100% financing. For 8-9 years Thai academic and economists have recommended The Prayut regime join CPTPP, but each year the regime says its still evaluating membership.

[Golden Triangle]

If they have to adhere to free trade tariffs, ie: Wine, Cheese & other popular brands from places like the USA, Australia, Canada, New Zealand etc etc it ain't gonna happen, if I understand correctly one of these had a FTA with Thailand already & it ain't worth the paper it's written on because Thailand likes money.

[connda]

To hijack Sangburg, "The TPP comes on little cat feet."