Thailand International Agreements

11 Oct

However, it has also been reported that animal health standards are sometimes stricter than those set by the OIE. (WTO 2011). The single highest average tariff applied in 2011 in Thailand was 9.8%. While the average tariff applied to agricultural products is higher than that of non-agricultural goods, the high average tariff was applied to beverages and tobacco, clothing, fruits, vegetables and plants. Although Thai exporters have few barriers to exporting, the country`s high import tariffs, which apply even to small domestic production, are barriers to trade (Shiino, K. 2012). The country has imposed a series of regional trade agreements. Among them, Thailand is a founding member of ASEAN, the third largest trading bloc in the world after the European Union (EU), which wants to transform itself into the ASEAN Economic Community (AEC) by 2015. During the process, the original ASEAN-6 member countries, including Thailand, have abolished almost all import duties, with a few exceptions, and the other ASEAN-4 countries will be reduced by 2015.

Thailand also has bilateral trade agreements with Australia, India, Japan, Laos and New Zealand. Thailand`s free trade agreements sometimes include bilateral and regional agreements. For example, trade between Australia and Thailand is governed by an agreement between the two countries, as well as a pact between Australia-New Zealand and ASEAN, of which each member is a member. International investment agreements (IIAs) are divided into two types: (1) bilateral investment agreements and (2) investment agreements. A bilateral investment agreement (BIT) is an agreement between two countries on the promotion and protection of investments made by investors of the countries concerned in the territory of the other country. The vast majority of AIIs are BITs. The category of contracts with investment rules (TIPs) includes different types of investment agreements that are not NTBs. Three main types of NTPs can be distinguished: 1. global economic contracts, which contain obligations usually found in THE ILO (e.g. B a free trade agreement with an investment chapter); 2. contracts with limited investment-related provisions (e.g.B. .

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