Wednesday, September 22, 2021

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Parliament approves new quotas for exports to EU, UK after Brexit


Parliament on Tuesday unanimously endorsed amendments to Thailand’s trade agreement with the European Union and the United Kingdom.

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Commerce Minister Jurin Laksanawisit explained to Parliament that the trade agreements had changed because the UK had separated from the EU, causing Thailand to renegotiate quotas for its exports.
Thai officials have renegotiated quotas for about 31 Thai products exported to the EU, and 32 products exported to the UK. The new quotas came into force on Tuesday (December 1).
MPs voted to pass three draft documents on trade with the EU and UK.
The first is a draft agreement between the EU and Thailand under Article 28 of the relevant General Agreement on Tariffs and Trade (GATT) 1994, with amendments to quotas in the EU's table of obligations. The second is a draft letter on trade from the UK government to the Thai government, and the third is a draft letter on the same subject from the Thai government to its UK counterpart.

Published : December 01, 2020

By : The Nation