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Free Trade Agreement talks continue between Thailand and EU

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Free Trade Agreement talks continue between Thailand and EU | The Thaiger
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Thailand is resuming trade talks with the European Union on the long-delayed Thai-EU free trade agreement. The 15th Thai-EU Senior Officials’ conference was held virtually between leading Thai and European trade officials this week. The push was on to have the Free Trade Agreement signed and sealed by the end of this year.

Discussions were held regarding the ongoing affects of the Covid-19 pandemic, the impact on Euro and Thai economies, the current political unrest in Thailand, the fight against Illegal Unreported and Unregulated fishing, promoting the protection of labourers and a commitment to strengthen ties between the Euro zone and Thailand.

The next step in the establishment of the FTA will be a forthcoming meeting on trade and investment in December.

The virtual meeting was represented by Sasiwat Wongsinsawat, the Director-General of the Department of European Affairs and the European Union’s Paola Pampaloni , the Deputy MD for Asia and Pacific Department at the European External Action Service.

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19 Comments

19 Comments

  1. Avatar

    Fabian

    October 31, 2020 at 12:58 pm

    Europe should not negotiate with the dictator government. First democracy, then talk.

    • Avatar

      Fabien

      November 1, 2020 at 7:45 am

      Fabian did you take your medications?

  2. Avatar

    Johnny Rambo

    October 31, 2020 at 1:44 pm

    I say “No” to this. The EU should sanction Thailand for closing their borders and not letting tourists enter the country just because of a ridiculous virus hoax. No imports, no exports. Thailand has to pay for it’s appaling self-isolation.

    • Avatar

      asad

      November 1, 2020 at 7:46 am

      Rambo you are as limited mentally as your nick. Look what is happening in europe dumbass!

  3. Avatar

    Salman Cavus

    October 31, 2020 at 1:56 pm

    What is incredible, is how stupid is Europe to even enter in talk with this sh.. Country. Europe agreeing on free trade means thai corruption, thai racism, the farang considered as walking ATM and all other stupidity done against farang are totally accepted! Really?

    • Avatar

      Johnny Rambo

      October 31, 2020 at 5:38 pm

      I guess at least 90% of Thai population doesnt even know where Europe is. LoL Thais are so uneducated. What a pathetic country. And they want free trade with EU .. Haha !

    • Avatar

      Johnny Rambo

      October 31, 2020 at 5:55 pm

      You forgot to mention animal crualty which is sadly very common in Thailand. The EU is just too stupid to realize how morally backward the Thais are. I dont want any trade with those savages.

  4. Avatar

    preesy chepuce

    October 31, 2020 at 2:23 pm

    I wouldn’t expect them to make much progress… the EU takes ages to do anything, and the amount of things that need resolving in this negotiation may be many and varied. The UK could probably negotiate a deal with Thailand much quicker, wasn’t the UK the first to sign a deal with Siam?

    • Avatar

      Johnny Rambo

      October 31, 2020 at 3:26 pm

      Oh really ? A free trade agreement with a neanderthal dictatorship that has been keeping it’s borders closed for over 8 months ? You cant be serious.

      • Avatar

        preesy chepuce

        November 1, 2020 at 12:59 am

        Yeah, but not overnight… you have to take a step back from your really important feelings, and consider the geopolitics at play, the CCP’s influence has to be diluted, and you don’t reform by ignoring.

  5. Avatar

    Toby Andrews

    October 31, 2020 at 4:37 pm

    The EU suspended the free trade deal in May 2014.
    Ever since they have not believed that this military government is democratic.
    Due to the events over the last few months, The EU should be certain that the present Thailand government are in fact dictators.
    However Thailand still exports making vastly more money exporting to the EU than the EU makes exporting to Thailand.
    Thailand achieves this by making imports uncompetitive due to high Thai tariffs.
    Ever wonder why a box of cornflakes can be twice the price of what it would be in Europe?
    30 to 50 percent tariffs on imported processed food is why.
    What tariff does Europe charge on Thai processed food imported into Europe?
    Zero, is my guess, or at most 8 percent.
    Thailand are employing corruption to keep out foreign processed food imports.
    By the way, Vietnam, and Singapore has a free trade deal with the EU.
    I would not trade with Thailand, but Thailand will just sell to another country and that country will sell to the EU, perhaps without even unloading the ships.

    • Avatar

      preesy chepuce

      November 1, 2020 at 1:01 am

      You can’t pretend that a country like Vietnam is any different from Thailand – it’s a commie dictatorship! The boring reality is that if you don’t engage with these countries, they don’t reform, and they turn to the CCP. Bad idea.

    • Avatar

      Issan John

      November 1, 2020 at 2:37 pm

      “The EU suspended the free trade deal in May 2014.

      Actually they didn’t as there was no “free trade deal” – they suspended the talks.

      “Ever since they have not believed that this military government is democratic.”

      Well, they still resumed talks in 2016 following the elections.

      “However Thailand still exports making vastly more money exporting to the EU than the EU makes exporting to Thailand.”

      Well … yes, but the EU wants Thailand’s exports while Thailand doesn’t want the EU’s. You can’t force people to buy what they don’t want!

      “Thailand achieves this by making imports uncompetitive due to high Thai tariffs.
      Ever wonder why a box of cornflakes can be twice the price of what it would be in Europe?
      30 to 50 percent tariffs on imported processed food is why.
      What tariff does Europe charge on Thai processed food imported into Europe?
      Zero, is my guess, or at most 8 percent.
      Thailand are employing corruption to keep out foreign processed food imports.”

      Actually ‘no’ it doesn’t and that’s totally untrue with figures you’ve simply made up (they’re all readily available).

      The tariff on a box of impoprted cornflakes is 12%, not “30 to 50 per cent”.

      … and your “guess” that the Europe tariff on imported Thai processed food is “Zero,… or at most 8 percent” is equally wide of reality; tariffs vary but the regular tariff on many prcessed Thai foods such as swetcorn is 14.5%.

      So actually the complete reverse of what you’ve said.

    • Avatar

      Issan John

      November 1, 2020 at 3:13 pm

      Toby, Cambodia ranks 162nd out of 180 on the world corruption index, with Thailand on 99th, and it currently has similar (actually slightly stronger) border restrictions.

      After a stint as a battalion commander with the Khmer Rouge, Cambodia’s dictator, Hun Sen, was installed as PM by Vietnam 35 years ago; after he lost the UN sponsored elections in 1993 he first rejected the election results then led a coup installing himself as dictator until he’s 74, in four years’ time, with his son due to take over. He’s believed to have accumulated US$1.6 billion (with a ‘B’) while in office.

      As dictators go, he makes Prayut look like Gandhi.

      Yet I can’t recall you ever saying anything against Cambodia or Cambodians.

      Since you left Pattaya for Cambodia once Thai bars and bargirls were no longer in your budget, maybe your comments on Thailand would have rather more credibility if you made similar comments about Cambodia once in a while.

      Sour grapes somehow spring to mind …

  6. Avatar

    Dreamon

    October 31, 2020 at 5:49 pm

    Eu must put Thailand in the black list, stop any talks and avoid any agreement till they turn into a real democracy.
    Common people must boycott Thailand and choose other destinations for holidays.

  7. Avatar

    James

    October 31, 2020 at 5:53 pm

    The European Union exported 15.1 billion euros worth of goods to Thailand in 2018. The main EU exports to Thailand are machinery and transportation equipment, chemicals and related products, and finished products will enhance in the growth of Thai economy.

  8. Avatar

    Alex

    October 31, 2020 at 6:27 pm

    So Thailand is going to be a puppet for the fascist EU? Bad idea, Bad decision! The EU is nothing more then a Shadow Republic. Furthermore, nobody has chosen for these clowns at Brussels! Ursula von der Leyen is a Eurocrat who merely wants to create a European Superstate. Ursula von der leyen is the daughter from Ernst Albrecht who was a director general back in the 1950s/1960s of the European Commission (Chef de Cabinet at the Hallstein Commission) and became a prime minister in Niedersachsen. Nazi Walter Hallstein is known for one of the founders of what is now called the European Union!

    Think about it, sounds familiar right? Welcome to the Fourth Reich!

    • Avatar

      preesy chepuce

      November 1, 2020 at 1:03 am

      You’re assuming that the EU can even agree any kind of deal within a conceivable period of time, which it self-evidently can’t.
      Most of your comment is not relevant to Thailand.

  9. Avatar

    Bobby m

    October 31, 2020 at 9:54 pm

    Peeps, it’s just talk. Any country will talk to any country. Agreements, well that’s a totally different kettle of fish.

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Pattaya

Pandemic has washed away Pattaya’s “soapy” massage parlours

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Pandemic has washed away Pattaya’s “soapy” massage parlours | The Thaiger

While the Covid pandemic has hit Thailand’s businesses hard, it has also washed away its not-so-legal soapy massage parlours after tourism has dried up its clientele. Such places, known as glorified brothels, have left many masseuses out of work as boards have barricaded the once booming establishments.

Soapy Massage (àap-òp-nûat, อาบอบนวด, literally bath, steam, massage)…
These are the bigger massage parlours where girls are presented in the fishbowl and you get the full program (including sex) for a fixed price, depending on the girl starting from 1,500 and up to 5,000 Baht.

Only a few of the soapy services have survived the pandemic in Pattaya, with Honey Massage Parlour being one of them, according to The Pattaya Mail. After adjusting to the new requirements for social distancing, the business has re-opened on November 19. However, its largest shop has closed, once known as Honey 1 on Soi Honey, or Soi 11, the windows are dark and barricaded. Honey Inn is also up for sale.

25 year old masseuse Maywadee, says she used to work in such parlours where she would get a cut of the 1,500 to 2,500 baht fee. She says she used to see up to 7 clients a day, but now that number has been cut in half as Chinese and Japanese tourists, who were her largest group of customers have dwindled. Now, she is thinking about heading back to her home city of Chiang Mai, to sell handicrafts, as her Pattaya income has dried up.

Such parlours feature masseuses that are usually not native to the area, as many come from lower socio-economic areas such as Thailands northeastern provinces, otherwise known as Isaan. Many make the trip to tourist-driven cities like Pattaya, Koh Samui, Bangkok and others, in an attempt to make a higher salary than they would if they were back in Isaan.

SOURCE: The Pattaya Mail

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Business

Bank of Thailand takes action to curb Thai baht’s strength

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Bank of Thailand takes action to curb Thai baht’s strength | The Thaiger

The Bank of Thailand has moved forward measures, originally meant to begin early 2021, but most of which will now take effect from end of this month. The end result is that the new rules will make it easier for Thais to shuffle money overseas and invest in foreign assets. It will also make is easier for Thai citizens to hold foreign currency in local banks. The new rules will also require the registration of local and overseas bond investors.

“Following the U.S. elections and positive news on Covid-19 vaccine development, investors have turned toward investing in emerging markets, including Thailand. The situation has resulted in strengthening the baht quickly and can impact economic recovery.”

“The registration of bond investors will allow close monitoring of investor’s behaviours and thereby enable the implementation of targeted measures in a timely manner.”

Last week the Bank of Thailand assessed that the Thai baht’s recent rapid gains could affect the country’s “fragile” economic recovery. The Thai government has called on the central bank to do its best to use what tools it has at its disposal to restrain the baht to protect exports.

Khoon Goh, head of Asia research at ANZ Banking Group, says that he central bank also will continue to resort to direct intervention in foreign-exchange markets.

“The issue here is that local investors have a very strong home bias. Making it easier to invest overseas may not actually encourage them to do so.”

The Thai baht has been the 2nd best performer in Asia this month after foreign investors turned net buyers of almost $2.4 billion of bonds and stocks as appetite returns for riskier emerging-market assets amid a weak dollar, according to Bloomberg.

The Thai baht had recently rallied 8.8% from this year’s low in April, hitting a 10 month high last week.

SOURCE: Bloomberg

This morning, Thai time…

Bank of Thailand takes action to curb Thai baht's strength | News by The Thaiger

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Technology

Hotel investment group launches world’s first “green” hotel fund

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Hotel investment group launches world’s first “green” hotel fund | The Thaiger

Destination Capital, a hotel investment group in Bangkok, has announced that it will launch the world’s first ever “green” hotel fund. The fund will acquire hotels and implement sustainability systems and procedures to promote long term environmental and financial sustainability in investments using the EDGE certification programme. EDGE, an online platform, is an innovation of the International Finance Corporation, which helps property developers to build and brand “green” establishments in a fast and affordable way. EDGE is used by more than 170 countries and reportedly has kept almost 230,000 tonnes of carbon dioxide annually from entering the atmosphere.

DC’s fund, titled Descap I, is part of its efforts to acquire freehold, 4 star hotels in prime destinations all over Thailand. James Kaplan, the CEO of DC, says he sees opportunities to renovate hotels to accommodate “green” technology and systems due to the current Covid pandemic that has ravaged the tourism sector in the kingdom.

“Destination Capital’s adoption of the EDGE certification program will provide the Descap I with the opportunity to gain a competitive advantage by differentiating our products and improving carbon emissions of the hotels.”

“If there is one thing we have learned during Covid-19 it is that the environment and nature recover quickly from poor resource management practices. Our participation in EDGE will serve to encourage the hospitality industry to adopt best practices with respect to better managing our scarce resources, raise broader consciousness about global warming and stem the tide of environmental degradation. We will implement operational elements to reduce water consumption, reduce waste emissions, reduce electricity use, and to the best of our ability eliminate plastic usage.”

Descap I, is a Thai Private Equity Trust. The company partners with Private Equity and Institutional Funds to source hotel acquisition opportunities and manage assets in the Asia Pacific region, turning its main focus to Thailand.

SOURCE: Pattaya Mail

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