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Thailand to revise FTA agreements


April 10, 2008

Thailand to revise FTA agreements

Thailand is revising free trade area (FTA) agreements made with many countries to ensure that the country benefits most from them, said Wiroon Techapaiboon, deputy commerce minister Wednesday.

The minister said he would confer with industrial groups and state agencies regarding ways to cope with problems arising from the FTA agreements, adding that the private sector would be encouraged to position its products with growth potential into the world market.

He said that there was a need to boost public relations efforts, particularly people at the grass-roots level, to ensure better understanding of what the country would benefit from in a range of FTA agreements.

He conceded that most farmers had misunderstandings about the FTAs. They believed they were experiencing difficulties since more foreign products were being shipped into the Thai market in large amounts under the FTA agreement.

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