Srettha Thavisin, the government’s spokesman Chai Wacharonke, stated yesterday that the prime minister has pledged to strengthen cooperation under the Asean-Australia-New Zealand Free Trade Agreement ( AANZFTA ), maintain existing markets, and find new economic partners.
The Commerce Ministry and the Department of Trade Negotiations (DTN) made the announcement after representatives from the 22nd Asean- Australia- New Zealand Free Trade Agreement Joint Committee ( FJC) Meeting held in Auckland, New Zealand, on May 26 and 31 attended the meeting.
Mr Srettha is promoting economic relations with foreign nations, seeking new funding options, and maintaining existing business relationships, he said.
Under the foundation of new financial ties, the premier said he is willing to advance Thailand’s AANZFTA cooperation in order to stay current with the changing global environment.
Thailand even pledged to support the launch of this year’s expanded AANZFTA.
The most recent completely business deals have facilitated trade restraints and tax relief. Additionally, they are anticipated to boost domestic financial cohesion while boosting financial assistance.
Additionally, discussions arose about advancing initiatives to strengthen local collaboration, increase the functions of people in businesses, and update the taxes reduction obligations that were highlighted in the agreements.
” Mr Srettha sees AANZFTA as a wonderful opportunity to lift the country’s global trading quantities”, he added.
According to the DTN, from January to April, Australia and New Zealand were ranked as Thailand’s sixth and 31st biggest trading partners both.
During that period, Thailand’s trade with Australia and New Zealand came to US$ 7.1 billion, up 0.74 % from the same period last year.
Thailand’s exports to Australia were for US$ 4.1 billion baht, an increase of 22 %. The major exports were cars, auto parts and accessories, air conditioning, and laptops and computer parts.
The government’s exports to New Zealand during the time were valued at US$ 529 million, up 17 %. Related items were most frequently exported to Thailand, similar to those to Australia.
However, Saudi Arabia has given the natural light to the transfer of life cattle, sheep and goats from Thailand, according to the business secretary.
According to Commerce Minister Phumtham Wechayachai, the Saudi Arabian Ministry of Environment, Water, and Agriculture received the approval through the Thai and Saudi Arabian international departments.
He claimed that the live wildlife may be imported from Thailand and therefore kept and slaughtered in Saudi Arabia.
Importers and exporters you apply for business authorizations at the Ministry of Environment, Water, and Agriculture’s Naama Platform.
Mr. Phumtham claimed that prior to the Saudi Arabian Food and Drug Authority’s ( SAFDA ) approval, Thai chicken exporters could export fresh, finished, and cooked chicken to Saudi Arabia through all checkpoints.
Last year business worth between Thailand and Saudi Arabia amounted to US$ 8.79 billion, including imports from Saudi Arabia fair$ 6.13 billion.
For the first four months of this year, it was$ 2.59 billion, down by 17 % year- on- year, including 66 billion baht worth of imports from Saudi Arabia, down by 28 %. Thai exports to Saudi Arabia were estimated at$ 926 million, up 12 %.