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

13 Sept 11:52 Key points summarised by AI

Thailand is exploring a Free Trade Agreement (FTA) with the UK following Prime Minister Boris Johnson's election victory, which paves the way for Brexit.
The Department of Trade Negotiations will assess the benefits and impacts of a UK-Thailand FTA, preparing a comprehensive strategy.
Brexit necessitates new trade arrangements, potentially leading to separate negotiations for Thailand with the UK on items previously covered under EU agreements, such as chicken export quotas.
The UK is a significant trading partner for Thailand, ranking second among EU members, underscoring the strategic importance of a direct trade agreement post-Brexit.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.