?commerce? Participate in negotiations to raise the level of the ASEAN Free Trade Agreement ? China (ACFTA) round 3, progress on many issues both ways to open more product markets investment liberalization Ready to expand cooperation in new areas such as green economy, digital, MSMEs and consumer protection. Accelerate the conclusion of the results within the year ’67, confident! Help expand opportunities and facilitate trade for more entrepreneurs.
Mr. Ratchawit Piyapramote, Deputy Director-General of the Department of Trade Negotiations, revealed that he was assigned by the Director-General of the Department of Trade Negotiations (Mrs. Oramon Sapthaweetham) to participate in negotiations to raise the level of the ASEAN Free Trade Agreement. ? China (ACFTA) Round 3 between 24 ? 27 June ago in Kunming, People’s Republic of China By acting as the co-chair of the ASEAN side. and co-chaired the meeting with Mr. Yu Ben Lin, Director-General of the Department of International Trade and Economics of China. It is believed that improving the ACFTA will help expand opportunities and facilitate trade for entrepreneurs exporting and importing more with China.
Mr. Ratchawit said that this round of negotiations has made great progress. ASEAN and China have begun negotiations to improve the ACFTA on several issues. to make the agreement more modern Both about guidelines for opening up additional product markets and liberalizing investment and investment protection. Including expanding cooperation in new areas such as the green economy The digital economy links the supply chain. SMEs, small and medium enterprises, competition and consumer protection. and economic and academic cooperation
In addition, China attaches great importance to negotiations to upgrade the ACFTA as it will help strengthen ASEAN-China relations and cooperation. during the opening ceremony of the negotiations Senior Chinese executives such as Yunnan Provincial Governor Wang Yu Bo and Chinese Vice Minister of Commerce Wang Shouwen attended the ceremony. He delivered a speech expressing his intention to expedite the ACFTA escalation negotiations to be concluded by 2024, which if the negotiations are successful will increase trade between ASEAN and China. as well as strengthening supply chains in the region.
Mr. Ratchawit added that ASEAN and China also met a committee to jointly supervise the implementation of the ASEAN Free Trade Agreement. China, or the 16th ACFTA-JC, to monitor the implementation of the obligations of the ACFTA Agreement, which has been in force since 2005. The meeting considered solutions to problems arising from the use of non-tariff measures that hinder trade between China. with ASEAN members which has been assigned to the relevant sub-committees to resolve obstacles arising with exports ? Import agricultural and industrial products between ASEAN and China. Find a way out of this matter ASAP.
China has been ASEAN’s number one trading partner since 2009. In 2022, ASEAN-China trade was valued at US$715,156.01 million. grew by 6.7 percent compared to the previous year. ASEAN exports to China worth 288,920.05 million US dollars. And ASEAN imported from China worth 426,235.96 million US dollars. While the trade value between Thailand and China is 105,404.29 million US dollars. An increase of 1.53 percent from the previous year, with Thai exports to China worth US$ 34,389.91 million. And imported from China worth 71,014.37 million US dollars. Thailand’s major export products to China are fresh fruits, rubber products, plastic pellets, and cassava products. computer equipment and components, chemicals and rubber, while important imports from China such as electrical machinery and components, chemicals, machinery and components home appliances computer equipment and components steel and products and circuit boards, etc.
5 July 2023
Source: Department of Trade Negotiations
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2023-07-06 06:53:59
