Logo of Phnom Penh Post newspaper Phnom Penh Post - Thai firms, farmers to be taught how to tap potential of RCEP deal

Thai firms, farmers to be taught how to tap potential of RCEP deal

Content image - Phnom Penh Post
Department of Trade Negotiations director-general Oramon Sapthaweetham said Thai farmers and entrepreneurs will be educated on how to utilise the benefits of the RCEP. THE NATION

Thai firms, farmers to be taught how to tap potential of RCEP deal

Thai farmers and entrepreneurs will be educated on how to utilise the benefits of the Regional Comprehensive Economic Partnership (RCEP) before the agreement is signed by member nations in November in Vietnam, Department of Trade Negotiations director-general Oramon Sapthaweetham said.

There are 16 countries involved in RCEP – the 10 members of ASEAN – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – plus the six countries with which ASEAN has free trade agreements – Australia, China, India, Japan, South Korea and New Zealand.

However, India is not signing the RCEP agreement as of now.

Oramon said: “Minister of Commerce Jurin Laksanawisit has tasked departments under the ministry to come up with measures to maximise the benefits that Thailand will get from this partnership.

“The Department of Trade Negotiations has surveyed Thai export markets and found that the following products will benefit from tax exemption under RCEP – fruit, vegetable oil, cereal, tapioca starch, seafood, processed food and fruit juice.

“The department will notify Thai farmers and entrepreneurs of business opportunities in the manufacturing and exporting of these products as well as negotiate with business partners to expand export markets in RCEP member countries.

“Products from Thailand have been positively welcomed by many countries during the Covid-19 situation as we are one of the few countries who are able to control the outbreak with minimal impact to the agricultural sector.”

Last year, Thailand exported agricultural products worth $25.2 billion to the 16 RCEP member countries, or 62.2 per cent of total export of agricultural products.

In the first five months of this year, exports in this category to RCEP nations were worth $10.8 billion, or 63.8 per cent of total agricultural products export, increasing 2.4 per cent year-on-year.

Products that have seen greater demand this year include fresh and frozen fruit (22 per cent increase), fresh and frozen chicken (up 12.12 per cent), canned and processed fruit (up 6.7 per cent) and fruit juice (up 10.2 per cent).



  • Without shoes or a helmet, a young cyclist steals the show

    Pech Theara gripped the curved handlebars of his rusty old bike, planted his bare feet on its pedals and stormed as fast as he could towards the finish line. The odds were against him as the 13-year-old faced off against kids with nicer bikes at

  • Phnom Penh-Sihanoukville expressway on schedule

    The construction of the more than $1.9 billion Phnom Penh-Sihanoukville Expressway has not been delayed despite the Covid-19 pandemic, with more than 26 per cent of the project completed and expected to finish in about two years, according to Ministry of Public Works and Transport secretary of

  • Singapore group seeks $14M in damages from PPSP over ‘breach of contract’

    Singapore-based Asiatic Group (Holdings) Ltd is seeking a minimum of $14.4 million relief from Cambodia Securities Exchange (CSX)-listed Phnom Penh Special Economic Zone Plc (PPSP) for allegedly breaching a power plant joint venture (JV) agreement. Asiatic Group’s wholly-owned Colben System Pte Ltd and 95 per

  • Over 110 garment factories close

    A government official said on November 22 that at least 110 garment factories had closed in the first nine months of the year and left more than 55,000 workers without jobs – but union leaders worry those numbers could be much higher. Ministry of Labour and Vocational Training undersecretary

  • PM dispels lockdown rumours, gifts masks

    Prime Minister Hun Sen on November 12 denied rumours that he will lock down the country in response to increased Covid-19 fears, referring to them as propaganda aimed at destabilising the country. In a Facebook post, he said some people had spread rumours that the government

  • SilkAir adds flight to Phnom Penh schedule

    Silkair (Singapore) Pte Ltd is increasing its flight frequency between Phnom Penh and Singapore with a third weekly flight on Saturdays, according to Cambodia Airports’ Facebook page. The other flights offered are on Tuesdays and Sundays, with an estimated Phnom Penh arrival time at 5:35pm