On February 28, the Cabinet (Cabinet) passed a resolution approving the making.economic partnership agreement (Comprehensive Economic Partnership Agreement: CEPA) between Thailand and the UAE or United Arab Emirates This is the second FTA following the Thai-EU FTA. that the cabinet of Gen. Prayut Chan-ocha approved in a period of 2 months (Jan.-Feb. ’23) before this cabinet waved goodbye
CEPA Thai-UAE considered asFTAwhich Thailand has agreed to open negotiations as one of the country’s earliest This is the result of Mr. Jurin’s visit to the United Arab Emirates. Laksanawisit, Deputy Prime Minister and Minister of Commerce on 6-8 Feb. ago who met Dr. Thani bin Ahmed Al Sayud) with the Minister of State for the Ministry of Economy of the United Arab Emirates Responsible for foreign trade, the two countries have agreed to conclude an economic partnership agreement. (Comprehensive Economic Partnership Agreement: CEPA) between Thailand and the UAE for sustainable growth in trade and investment. which aims to conclude the negotiations as soon as possible
Mrs. Oramon Supthaweetham Director-General of the Department of Trade Negotiations Revealing the next step that has been coordinated informally to the UAE side, whichIt will have to wait for the process within the UAE.to make an appointment to announce the opening of negotiations which should be soon by the trade ministers of the UAE and Thailand Aim to giveAnnouncing the opening of negotiations in the first quarter of 2023
partexpected issues to be discussed in CEPA negotiations Will be issues related to the liberalization of trade in goods, trade in services, regulations related to trade such as rules of origin customs clearance and trade facilitation protection measures Sanitary and phytosanitary measures Measures related to technical barriers to trade digital trade intellectual property and economic cooperation, etc.
For the United Arab Emirates (UAE) is a country with great economic and trade potential in the Middle East. which rely on imports of goods from abroad Consumers have high purchasing power. and can also be a doorTrade to Gulf Cooperation Council (GCC) Countries It has 6 members: UAE, Saudi Arabia, Bahrain, Oman, Qatar and Kuwait.
present forunited arab emirates is the 6th partner Of Thailand in the world market and No. 1 in the Middle East, in 2022, trade between Thailand and the United Arab Emirates was worth $ 20,824.22 million, an increase of 73.90% compared to the same period last year. The proportion of trade is 3.53% of the total trade value of Thailand. Which is exports from Thailand to the United Arab Emirates worth $ 3,420.23 million and Thai imports from the United Arab Emirates worth $ 17,403.99 million.
Major exports include automobiles, equipment and parts. Air conditioners and components gems and jewelry and a fax machine and important imported products such as crude oil, natural gas, other metal ores jewelery and silver bars and gold
For the benefits that will be obtained from the preparation of the CEPA between Thailand and the UAE. will makeThai GDP grows 0.08-0.09 % worth $ 318-357 million compared to the case where there was no CEPA between them.ExportThailand to UAEIncrease 27.18 % – 37.88 % worth $609-849 million
Thai imports from the UAE will increase by 18.25%-47.06%, valued at $121-312 million, while Thai products expected to be exported to the UAE will increase, such as food products, textiles, clothing. Leather products, wood products, chemicals, rubber products and plastics non-ferrous metal electrical appliances and electronics tools and machinery motor vehicles and parts
As for the products that the UAE is expected to export to Thailand, such as vegetable oils and fats metal products motor vehicles and parts In addition, service sectors in Thailand and the UAE are expected to increase their trade, such as transportation and business services.
Currently, Thailand has a total of 14 FTAs with 18 countries. And there are FTAs that are in the process of negotiations. contains contains EFTA consists of 4 countries: Switzerland, Norway, Iceland and Liechtenstein, Asean-Canada, FTA, Thailand-Turkey, Thailand-Pakistan and Thailand-Sri Lanka and BIMSEC.
There is alsoFTA plan with new partners Specifically, the Gulf Cooperation Council or GCC (consisting of six countries: Bahrain, Kuwait, Oman, Saudi Arabia, Qatar, and the United Arab Emirates); the Pacific Alliance, or four, consisting of Chile, Colombia, Mexico, and Peru; Africa 55 countries
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