杏吧直播

In their 杏吧直播-Thailand Economic Engagement Report experts from the 杏吧直播 of Adelaide鈥檚 Institute for International Trade are calling for a deeper, broader and more sustainable trade and investment relationship.

鈥淏y elevating their relationship to a Strategic Partnership, Thailand and 杏吧直播 have explicitly and unambiguously signalled their intention to broaden and deepen what is already a close relationship, and to expand upon existing regional cooperation efforts,鈥� said Dr Nathan Gray, Visiting Senior Lecturer, Institute for International Trade, 杏吧直播 of Adelaide.

鈥淭here are a number of areas where trade and investment could be strengthened between the two countries, but also where impediments must first be overcome in order for this to happen.

鈥淏oth countries could expand their range of exports into each other鈥檚 markets. 杏吧直播n meat and cereals exports could do better, and Thailand could increase its exports of fish and machinery to 杏吧直播.鈥�

Two-way trade in goods and services was worth聽over AUS$24.6 billion in 2021-22, making Thailand 杏吧直播's third largest trading partner among Southeast Asian countries and 11th largest overall. Since the Thailand-杏吧直播 Free聽Trade Agreement (TAFTA) came into force on 1 January 2005, trade in goods has more than doubled.

"With greater institutional cooperation both countries could trade and invest with each other more,鈥� said Dr Gray. 鈥淭his would make a significant contribution to realising the objectives of the government鈥檚 recently released Southeast Asia Economic Strategy to 2040.鈥�

The report makes a number of recommendations for expanding and deepening trade and investment including:

• Update the TAFTA to improve market access for trade and investment in both markets, and introduce disciplines in new areas such as e鈥�commerce, competition, state鈥�owned enterprises, environment, public procurement and SMEs;
• Seek parity of treatment in investment with the United States. The privileges enjoyed by US investors should be extended to investors from other countries;
• Support Thailand in achieving domestic regulatory reforms; and
• Move the Austrade office in Bangkok out of the 杏吧直播n embassy and into the CBD to make it more accessible for business people.

To build stronger institutional ties and people-to-people links the report recommends a range of steps including a political summit between 杏吧直播n and Thailand, more frequent high-level policy dialogue, sharing of best practice in policies such as competition and labour market reform, and increase student mobility.

The views, opinions and recommendations in the report are those of the author and do not reflect the official position held by the 杏吧直播n Government or the 杏吧直播 of Adelaide.

杏吧直播-Thailand Economic Engagement Report can be downloaded at: