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Trade Policy Review: Thailand 2011
“Trade Policy Reviews” analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat a report by the government and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - “key trade facts” - provides a visual overview of the WTO member’s major exports/imports main export destinations origins for its imports and other key data. This edition looks into the trade practices of Thailand.
Trade Policy Review: Thailand 2020
“Trade Policy Reviews” analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat a report by the government and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - “key trade facts” - provides a visual overview of the WTO member’s major exports/imports main export destinations origins for its imports and other key data. This edition looks into the trade practices of Thailand.
Report by Thailand
Since its previous trade policy review in 2007 the Thai economy has thriven through challenged and crisis and expanded moderately at the annualized rate at 4.5%. Overall Thailand’s macroeconomic fundamentals have been strong. Despite some risks of political instability and external uncertainties the economy has performed well as a result of significant growth in investment as well as strong domestic and external demands in particular from private consumption which continues to grow following higher income and low unemployment rate.
Concluding Remarks by the Chairperson of the Trade Policy Review Body, H.E. Mr. Mario Matusat the Trade Policy Review of Thailand 28 & 30 November 2011
The sixth review of Thailand’s trade policies has taken place against the backdrop of recent severe flooding in the country that has led to the deaths of hundreds of people and caused severe damage to the Kingdom’s infrastructure and production valued at over 2.3% of GDP. Indeed the damage caused by the flooding was felt beyond Thailand’s borders as it disrupted international supply chains for both industrial and agricultural goods. I would also like to take this opportunity to add my appreciation to the Thai delegation for providing replies to the questions despite the disruptions caused by the flooding.
Preface
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT CONTRACTING PARTIES in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.