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Thailand, US set roadmap for new trade pact - Suphajee

Thailand, US set roadmap for new trade pact - Suphajee

11 Sept 04:50 Key points summarised by AI
  • Thailand and the United States established a joint framework for a reciprocal trade agreement, aiming to finalize talks by the end of the year to foster mutual economic benefit and stable relations.
  • Thailand commits to significant market liberalization, agreeing to eliminate tariff barriers on approximately 99% of US industrial, food, and agricultural products, while also addressing non-tariff barriers for US goods.
  • The agreement encompasses modern trade aspects, with Thailand pledging to refrain from discriminatory digital service taxes, ensure free data transfer, uphold high environmental protection standards, and safeguard internationally recognized labor rights.
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