Some Thai people want Thailand to join. CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) or the Comprehensive and Advancement Agreement for Asia-Pacific Partnerships. This is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, including the 11 member states’ economies at the time of signing. It represents 13.4 percent of global GDP, or about $13.5 trillion.
Many people provide information that if they do not enter the CPTPP, Thailand will be at a disadvantage because CPTPP isfree trade areaIt is the third largest in the world (by GDP), after the North American Free Trade Agreement and the European Common Market. But many people oppose joining the CPTPP, leading to controversy on social media.
That doesn’t have to be argued, and Thailand is already a member. Also in effect is RCEP, which has 15 member states, namely ASEAN, 10 countries, China, Japan, South Korea, Australia and New Zealand. RCEP is a free trade area with high availability. Who would have thought that Even the world’s major manufacturers such as China, Japan and South Korea are included in the RCEP.
Another interesting aspect of the RCEP group is that Having Australia and New Zealand with upstream resources and technology that can provide Japan and South Korea with raw materials to develop advanced technology. China and ASEAN are good producers of complex intermediate and downstream products.
Products that require important technology such as notebooks, tablets, smartphones and computers. All produced in RCEP countries, written to be easy to understand is. The world purchases key technology products from the RCEP Group. In terms of consumer demographics, RCEP has billions. China alone has reached 1.4 billion people.
Investors are aiming to settle in RCEP countries. It is up to each RCEP member how to attract investors to their own country. Countries that are more likely to attract FDI or FDI from abroad than their peers are Vietnam, Indonesia and Thailand. Vietnam is a rising star that is a member of both the CPTPP and RCEP. Membership of both groups makes investors look more at Vietnam. Thai Another thing that might give Vietnam an advantage over Thailand is stagnant politics Assure investors that investing in Vietnam will not be affected by political changes.
When China was not a member of the World Trade Organization China’s trade and investment are so-so. both being excluded from the US and the West But China has tried several rounds of negotiations until success. After becoming a member of the World Trade Organization in 2001, China’s trade has skyrocketed. China attaches great importance to free trade zones. Economic Corridor cooperation organization cooperation group cooperation framework cooperation forum economic union Trade corridors, paths, free zones, etc.
China exemplifies its commitment to every organization in which it is a member. whether a groupeconomic cooperationin the Asia-Pacific region China-Mongolia-Russia Economic Corridor Bangladesh-China-India-Burma Economic Corridor New Eurasian Economic Bridge Asia Cooperation Framework China-Arab cooperation China-Africa Cooperation Forum, etc.
China has studied thousands of people to take advantage of the organizations it joins. in order to take advantage of that organization as much as possible Every organization is very useful. Who would have thought that as soon as the RCEP came into effect? Products from Thailand to these countries are immediately 0% tax on 29 thousand items.