What are Thailand trade agreements?

What trade agreements is Thailand a part of?

Thailand-United States Free Trade Agreement. Thailand-European Free Trade Association (EFTA) Free Trade Agreement. Thailand-European Union Free Trade Agreement. India-Thailand Free Trade Area.

How many trade agreements does Thailand have?

Thailand has signed 12 agreements (6 bilateral and 6 multilateral) with 9 FTAs that are currently under negotiations or under the direction of doing so.

Does Thailand have free trade agreement?

Since October 2003 Thailand has a ‘signed & effective’ Free Trade Agreement with China called the People’s Republic of China-Thailand Free Trade Agreement (PRC-Thailand FTA) which mainly covered zero tariffs on the trade for fruits and vegetables.

What are the five major trade agreements?

Types of Regional Trading Agreements

  • Preferential Trade Areas. The preferential trading agreement requires the lowest level of commitment to reducing trade barriers. …
  • Free Trade Area. …
  • Customs Union. …
  • Common Market. …
  • Economic Union. …
  • Full Integration.

Is Thailand part of the WTO?

Thailand has been a WTO member since 1 January 1995 and a member of GATT since 20 November 1982.

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What countries trade with Thailand?

The country’s main trading partners are Japan, the United States, China, Singapore, and Malaysia. The most important import categories by value are machinery; chemicals and related products; petroleum; iron, steel, and other metals; and raw materials of various types.

What are Thailand Major imports and exports?

The most recent imports of Thailand are led by Crude Petroleum ($18.3B), Integrated Circuits ($8.5B), Petroleum Gas ($7.09B), Vehicle Parts ($6.15B), and Gold ($5.12B). The most common import partners for Thailand are China ($45.7B), Japan ($28.9B), United States ($13.7B), Malaysia ($13B), and Singapore ($9.03B).

What does Thailand import and export?

Thailand Raw materials exports are worth US$ 14,879 million, product share of 6.37%. Thailand Raw materials imports are worth US$ 32,029 million, product share of 14.77%. Thailand Intermediate goods exports are worth US$ 52,182 million, product share of 22.33%.

What are the major imports of Thailand?

Thailand’s Top Imports

  • Crude petroleum – $23.7 billion.
  • Gold – $7.94 billion.
  • Petroleum gas – $6.96 billion.
  • Refined petroleum – $4.94 billion.
  • Refined copper – $2.57 billion.

Why does Australia trade with Thailand?

Trade and investment

Australia’s key goods exports to Thailand include natural gas, crude petroleum and coal. Thailand’s key exports to Australia are passenger and goods vehicles. Over 3,000 Australian companies export to Thailand and around 300 maintain a physical presence in the country.

What is Thailand’s main export?

Searchable List of Thailand’s Most Valuable Export Products

Rank Thai Export Product 2020 Value (US$)
1 Gold (unwrought) $13,202,753,000
2 Computers, optical readers $11,692,037,000
3 Cars $8,221,905,000
4 Integrated circuits/microassemblies $7,101,079,000
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Is there free trade between Thailand and Australia?

The Thailand-Australia Free Trade Agreement (TAFTA) is one of two FTAs that Australian businesses can use to trade with Thailand. … TAFTA also improves the environment for bilateral services trade and investment. The agreement entered into force on 1 January 2005 and was Australia’s third free trade agreement.

What are examples of international trade agreements?

Examples of regional trade agreements include the North American Free Trade Agreement (NAFTA), Central American-Dominican Republic Free Trade Agreement (CAFTA-DR), the European Union (EU) and Asia-Pacific Economic Cooperation (APEC).

What are the three types of trade agreements?

Trade agreements assume three different types: unilateral, bilateral, and multilateral.

What are trade agreements between countries?

A trade agreement (also known as trade pact) is a wide-ranging taxes, tariff and trade treaty that often includes investment guarantees. It exists when two or more countries agree on terms that help them trade with each other.