The government has accelerated Thai-UAE relations, aiming to push for the Economic Partnership Agreement (CEPA) within 6 months, creating a trade value of 30 billion baht, seeking support for the Expo 2028.
Miss Ratchada Thanadirek, Deputy Spokesperson for the Prime Minister’s Office Revealed after the Cabinet meeting (Cabinet) acknowledged the results of the visit to the United Arab Emirates (UAE) of Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce. Between 6 and 8 February 2023, Thailand and the United Arab Emirates agreed to conclude a Economic Partnership Agreement (CEPA), with Thailand aiming to complete the negotiations within 6 months. It has an economic partnership agreement with three countries: India, Israel and Indonesia, and is in negotiations with several countries such as Turkey, Cambodia and South Korea, Thailand.
For promoting trade and investment between each other, such as the establishment of the Thai-UAE Business Council mechanism. to support trade and investment by the United Arab Emirates Interested in investing in Thailand in the areas of infrastructure, digital industry and food security Thailand asks the UAE to support Phuket to host the Specialized Expo 2028 or a special expo. It is a world-class event under the license of the International Exhibition Organization. To promote the image of various aspects of the host country. by the International Exhibition Organization Prepare to select the host country for the event in June 2023.
In addition, Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce also witnessed the signing of a product purchase agreement and a memorandum of understanding between private sectors of Thailand and the United Arab Emirates, such as the signing of a product purchase agreement between Thai companies and the United Arab Emirates, including food, sanitary ware and ceramic tile automotive parts and melamine products worth 1,330 million baht. To drive the value of trade between each other 30,000 million baht. Signing of a memorandum of understanding between DP World, a logistics company from the United Arab Emirates. with the Thai private sector to reduce logistics costs save shipping time from the reduction of customs procedures
Ms. Ratchada said that this visit to the United Arab Emirates Resulting in the trade value between Thailand and the United Arab Emirates in the amount of 31,330 million baht. Moving forward to prepare the Economic Partnership Agreement (CEPA) after the Cabinet has approved (28 February 23) by allowing Thailand to join the negotiations. Prepare the Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE). It is expected that the study will be completed by the fourth quarter of this year 2023.-Thai News Agency
Source: Thai News Agency