- Thailand’s Ministry of Commerce said on Tuesday that it will begin to train farmers and entrepreneurs on how to tap into the benefits of the Regional Comprehensive Economic Partnership (RCEP) this year.
- The Department of Trade Negotiations has surveyed Thai export markets and found that products such as fruit, vegetable oil, cereal, tapioca starch, seafood, processed food and fruit juice will benefit from tax exemption under RCEP. Auramon Supthaweethum, Director-General of the Ministry’s Department of Trade Negotiations said, “The department will notify Thai farmers and entrepreneurs of business opportunities in the manufacturing and exporting of these products as well as negotiate with business partners to expand export markets in RCEP member countries.”
- Supthaweethum added, “Products from Thailand have been positively welcomed by many countries during the COVID-19 situation as we are one of the few countries who are able to control the outbreak with minimal impact on the agricultural sector.” In the first five months of 2020, exports in this category to RCEP nations were estimated at US$10.8 billion, an increase of 2.4 per cent year-on-year.
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