- Sputnik International
Asia
Find top stories and features from Asia and the Pacific region. Keep updated on major political stories and analyses from Asia and the Pacific. All you want to know about China, Japan, North and South Korea, India and Pakistan, Southeast Asia and Oceania.

Thais Wide Open: Bangkok 'Ready to Join' Trans-Pacific Partnership

© RIA Novosti . Vitaliy Ankov / Go to the mediabankThailand. Pattaya city
Thailand. Pattaya city - Sputnik International
Subscribe
Thailand is ready to join the Trans-Pacific Partnership (TPP) agreement when the organization starts accepting membership applications, Deputy Prime Minister Somkid Jatusripitak said Wednesday.

Anti-TPP rally - Sputnik International
Russian Foreign Ministry Warns Against Creating 'Counter-TPP' Structure
MOSCOW(Sputnik) — Thailand is ready to join the Trans-Pacific Partnership (TPP) agreement once it is open for membership applications, Deputy Prime Minister Somkid Jatusripitak said Wednesday.

Speaking at a business forum in Japan, the deputy prime minister confirmed the support of Prime Minister Prayut Chan-o-cha for the deal, noting that a committee headed by the country's commerce minister has been set up to assess Thailand's readiness for joining the Pacific bloc, which will include analyzing other countries' experience in the TPP once it comes into force, the Bangkok newspaper reported.

"Thailand cannot afford to be complacent. We can take lessons from other member countries. At this point, we are ready to join the TPP. It depends on when they will accept us. Thailand is also ready to join the TPP. It depends on when they will accept us," Jatusripitak said, as quoted in the publication.

Public consultations will also take place and last for a year, according to the official.

TPP - Sputnik International
Obama, Australian Prime Minister Discuss Need to Approve TPP Deal in 2016
On October 5, 12 Pacific Rim countries agreed to the final version of the TPP trade deal, which is designed to deregulate trade among the signatories, which together account for approximately 40 percent of the world economy.

The deal has yet to be ratified by the signatory countries.

The parties to the TPP agreement are the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Interest in the agreement has been expressed by Colombia, the Philippines, Taiwan, South Korea and Indonesia, as well as Thailand.

The details of the controversial free trade agreement, which were negotiated amid unusual secrecy, were revealed to the public after almost seven years of discussions. Opponents say the pact would undermine standards and regulations on environmental protection, health and safety, as well as workers’ rights.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала