Describes the bilateral and multilateral trade agreements in which this country participates, including with the United States. Contains websites and other resources where U.S. companies can learn more about how to use these agreements. In addition to these examples, there is a specific FTA term called “ratchet mechanism” or “automatically binds the unilateral liberalization of new services under that particular agreement”. This mechanism, if it is in the clause of the free trade agreement, is only a means that, in particular for trade in services and parts of the investment, all future changes or improvements to national laws, directives or regulations are blocked and cannot be replaced by more restrictive modifications than the previous conditions. Thus, this mechanism is designed to ensure that the measures provided for by national laws gradually become advantageous According to the Ministry of Commerce, China (including Hong Kong) is by far the most important trading partner for Thailand with a total trade value of $79 billion in 2015, followed by Japan with $51 billion and the United States with $38 billion. The other trading partners in the top ten are all of Thailand`s neighbors in ASEAN and Asia-Pacific: Malaysia, Singapore, Indonesia, Australia and Vietnam. [i] Since 2006 and the current political crisis, the pace of FTA negotiations in Thailand has slowed. (The government is technically still in negotiations with the United States, EFTA, India, Peru and Papua New Guinea, while other agreements have been discussed with Chile, the Czech Republic, Hong Kong, Mexico, Pakistan, South Africa and Canada.) Meanwhile, civil society groups have insisted that Thailand`s new constitution include a provision in Article 190 that requires parliamentary ratification and much more public information about any free trade agreement envisioned by the Thai cabinet.
In addition to these rules, exporters must be able to accurately specify their tariff classifications and understand their trade flows. This has been a difficult undertaking for Thai companies, as was the case when changing the new version (2012) of the Thai HS experience code. Thai Customs required the exporter (and importer) to indicate the classification of the product under the new version, which sometimes depended on the previous version. Meanwhile and in accordance with the rules, the country of origin (C/O) forms still required the old version of the HS Code (2007), which contained other information in the customs declaration. The obligation for Thai companies was to meet the requirements of a 2012 tariff change with documentation that has been obsolete for 5 years. As the process was difficult, some exporters did not wait to get the C/O issued on time and skipped the process. At the regional level, Thailand is a member of ASEAN and is therefore part of the bloc`s free trade agreement with China, Korea, India, Australia/New Zealand and the EU. He is also part of BIMSTEC and was, at least under Thaksin, the protagonist who campaigned for greater integration of trade and investment in the Mekong region under ACMECS, a framework for cooperation between Burma, Cambodia, Laos, Thailand and Vietnam.
[ii] www.doingbusiness.org/data/exploreeconomies/thailand/ In addition to the talks between Thailand and the United States, Thailand has signed a limited free trade agreement with Laos (1991) and another with China (agriculture only, 2003), framework agreements with Bahrain (as a springboard to a free trade agreement with the GCC, 2002), Peru (2003) and India (2003), and fairly comprehensive free trade agreements with Australia (2003), New Zealand (2005) and Japan (2007). .