[THAILAND ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Thailand economic news to share with you which is as undermentioned.
The RCEP, led by China, is the largest proposed multilateral free trade agreement in history, involving 16 countries including India and the 10 Asean members.
“Being a part of a mega-trade pact like RCEP will improve Thailand’s position geopolitically, and allow the country to benefit f rom free trade and mitigate the risks of the trade war hitting Thai exports such as computers, motor vehicles and chemicals,” said the director of the Thailand Development Research Institute (TDRI)’s Economic Intelligence Services (EIS), Kirida Bhaopichitr.
Exports of computer parts and circuits to China fell by 18.4 per cent in October, according to Thailand’s Ministry of Commerce.
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