The remaining trading partners in the top 10 are all of Thailand`s neighbors in ASEAN and Asia-Pacific: Malaysia, Singapore, Indonesia, Australia and Vietnam. [i] From a regional perspective, Thailand is a member of ASEAN and is therefore part of asean`s free trade agreement with China, Korea, India, Australia/New Zealand and the EU. It is also part of BIMSTEC and was, at least under Thaksin, the protagonist who committed to strengthening trade and investment integration in the Mekong region under ACMECS, a framework for cooperation between Burma, Cambodia, Laos, Thailand and Vietnam. Turkey has bilateral and multilateral agreements: in addition to these rules, exporters must be able to specify their customs classifications and understand their trade flows. This was a difficult undertaking for Thai companies, as was the case when the new version (2012) of the Thai HS code of the experiment was amended. Thai Customs asked the exporter (and importer) to indicate the classification of the product under the new version, which sometimes depended on the previous version. During this period 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 further information in the customs declaration. The requirement for Thai companies was to meet the requirements of a 2012 tariff change with documentation that had been obsolete for five years. As the process was difficult, some exporters did not wait to get the exposed C/O in time and skipped the lawsuit. List of negotiated agreements. Agreements that, until now, are only discussed without the formal action of the parties concerned, are not mentioned.
Learn how Thomson Reuters solutions can simplify your entire overall business management process. Free trade agreements are not only about reducing import duties and eliminating tariffs on trade in goods, but are also an important catalyst for long-term investment and growth in participating countries. Most free trade agreements also contain clauses that can help companies improve market access and impose restrictions to protect their investments and intellectual property, while expanding trade opportunities in terms of price competitiveness, market and business development, investment expansion and public procurement.