Thailand’s Commerce Ministry back-peddles on joining CPTPP

23 Sept 03:18 Key points summarised by AI

Thailand's Commerce Ministry retracted its cabinet proposal to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The withdrawal stemmed from significant opposition by pharmaceutical and agricultural groups, citing concerns over plant species protection and access to affordable medicines.
Deputy Prime Minister and Commerce Minister Jurin Laksanavisit committed to not re-submitting the proposal until a consensus among stakeholders is achieved.
Joining the CPTPP would necessitate amendments to existing Thai laws, particularly regarding patent protection duration and farmers' rights to collect plant seeds.

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

Yesterday 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.