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Last Updated : 2024-05-11 09:35:00
2 February 2024 12:33 pm - 17 - {{hitsCtrl.values.hits}}
Thailand, Feb. 02 (Bangkok Post) The Free Trade Agreement (FTA), which is expected to be signed between Thailand and Sri Lanka this week, will benefit Thailand's exports of automotive parts, textiles, electrical appliances, machinery, steel products, paper, processed food and animal feed, Thai media reported.
Thailand and Sri Lanka will sign a free trade agreement (FTA) this week during Prime Minister Srettha Thavisin's trip to tSri Lanka, said spokesman Chai Watcharonke.
Mr Srettha has been invited by Sri Lankan Premier Ranil Wickremesinghe as a guest of honour for Sri Lanka's Independence Day celebrations from tomorrow until Sunday.
The upcoming FTA will be Thailand's 15th contract of its kind and the first since Mr Srettha took the premiership last year, the Bangkok Post reported.
The contract aims to bring Thai goods to new markets in South Asia by accelerating the opening of gateways for trade and investment.
Expanding Thai trade to newer territories while sustaining existing markets is part of the government's proactive diplomatic policy, said Mr Chai.
Although Sri Lanka is a small country of just 22 million people, it is an interesting market due to its geographical location in the Indian Ocean, which is a strategic point for shipping, according to the Department of Trade Negotiations (DTN).
The DTN revealed that the overall trade value between Thailand and Sri Lanka from January to October last year had jumped to US$320.37 million (11.3 billion baht).
The new FTA is expected to benefit Thailand's exports of automotive parts, textiles, electrical appliances, machinery, steel products, paper, processed food and animal feed.
Thailand hopes to conclude an FTA with the European Union next year.
Ama Friday, 02 February 2024 01:11 PM
Some items have been listed to benefit Thailand under FTA deal. Now the question is What items WE can EXPORT to Thiland? Are our businesses ready to export? There are good businesses in Sri Lanka who should harness the opportunity. One such opportunity for ARPICO to export mattreses and Rubber products to Thai. ARPICO Quality is superior.
Lasantha Friday, 02 February 2024 01:37 PM
Nice to read Thailand's perpective as discussed in the Bangkok Post. However many readers here would like to know the FTA's benefit for Sri Lanka(ns).
Kandiah Balendran Friday, 02 February 2024 01:52 PM
What is the benefit for Sri Lanka ?
Kishu Gomes Friday, 02 February 2024 01:53 PM
SL has become a dumping ground.
Manju Friday, 02 February 2024 02:06 PM
Sri Lanka is a lazy country and nothing to be exported but we only consume, pray
Ram Friday, 02 February 2024 02:13 PM
Oh! Just to please Thai PM who is here to understand what Bankruptcy is
Kick these scumbags out Friday, 02 February 2024 02:26 PM
It just one way traffic of goods in and dollars out isn't it? Just keep the Ranil rajapaksa criminal syndicate happy with their commissions.
ANNECUNT Friday, 02 February 2024 02:30 PM
need some nice beautiful girls i am 75 but still got good erection
Nodaking kalakani president Friday, 02 February 2024 02:30 PM
Let's help the starving Thais out by importing anything they want to dump on us for our dollars we have in plenty.
Tinpot president and his pohotuwa crooks Friday, 02 February 2024 02:54 PM
Another genius deal by our pin president. Thailand will nominate him for the Nobel prize in economics for making Thailand more prosperous.
Nincompoop president Friday, 02 February 2024 03:30 PM
The smart Thai president spotted the weakling president like a crocodile spotting lame goose.
I PRAY THE LORD GIVES ALL CITIZENS GUIDANCE TO VOTE THINKING OF THE SUFFERING THEY HAVE HAD AND THE REAL FACTS OF HOW AND WHO BROUGHT DOWN THE COUNTRY. Friday, 02 February 2024 03:41 PM
EASIEST WAY TO SHIP DRUGS INTO THE COUNTRY, AS IT IS LEGALISED IN THAILAND, EVERY MAN AND HID DOG CAN OPENLY GROW THE PLANTS, NOT LIKE OUR COUNTRY THE DOPE FIELDS ARE CULTIVATED IN THE JUNGLES UNDER THE COVER OF THICK FORESTS VEGETATION. CONTAINERS COME IN WITH CHEAP CRAP TO ENABLE $2 SHOPS TO START POPPING UP AND ILLEGAL SMOKES, DRUGS ETC WILL COME IN THE CONTAINERS. ALL THEY HAVE TO DO TO MAKE SURE CUSTOMS PASSES CONTAINERS WITH A BLIND EYE IS COMMISSIONS GALORE!! GOODLUCK MY FELLOW CITIZENS, WATCH OUT MORE STRUGGLES AHEAD. WE NEED A LEADER AND POLITICIANS WITH HONESTY, INTERGRITY, MORALS, NO BACK SCRATCHING AND THOSE WHO HAVE A BACKBONE, THE GUTS TO CALL AN ACE AN ACE AND A SPADE A SPADE. UNFORTUNATELY, THE FEW WE HAVE ARE SICK AND TIRED OF CROOKS RUNNING THE COUNTRY AND ENDING WITH MULTIMILLION $$$ AND THEN BOWING OUT OR HOUNDED OUT, BUT STILL LIVE OFF THE TAXPAYERS' MONIES. WHEN WILL OUR PEOPLE LEARN HOW AND WHO TO VOTE INTO GOVERNMENT. COMING ELECTIONS IS THE ONLY HOPE CITIZENS
ding dong Friday, 02 February 2024 03:44 PM
Sri lankans can not produce anything, only can eat and fight
BuffaloaCitizen Friday, 02 February 2024 03:59 PM
I do not see any benefit in this FTA. This even does not allow Sri Lankans visa on arrival to Thailand even though Thai Citizens are allowed on landing to Sri Lanka. This shows our incompetency in handling and negotiating agreements that benefit Sri Lanka.
Sunil Friday, 02 February 2024 04:49 PM
Thai industrial sector is much deveploed comparision to Malaysia, Vietnam or Indonesia at present. I forsee this is again one way graffic as we live bottom in Asia. Any way good luck!!!
m perea Friday, 02 February 2024 05:28 PM
With every free trade SL never benefits. We have become such a export dependant coutry. Such lazy people.
Single Cell Saturday, 03 February 2024 12:51 AM
SWATHIKA
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