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Subject
TPP membership.
Significance
The Thai government's International Economic Policy Committee planned on April 29 to announce that Bangkok would seek entry into the Trans-Pacific Partnership (TPP). However, agricultural groups pre-empted the announcement by threatening national farmers' strikes. Three groups in particular oppose the TPP: farmers, health activists and consumer protection organisations.
Impacts
RCEP and TPP memberships are not mutually exclusive; rather, membership of both would help balance Thai foreign policy.
TPP may help Thailand realise its longstanding goal to be the financial and transportation hub of mainland South-east Asia.
TPP will not ease Thailand's immediate economic woes; growth this year will slow to around 3.3%.
Keywords:
Thailand,
AP,
China,
Japan,
South-east Asia,
United States,
economy,
industry,
international relations,
foreign investment,
foreign trade,
government
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2016
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