Thai Commerce Ministry pushing for cabinet approval for joining CPTPP

The Commerce Ministry of Thailand is pushing for cabinet approval for the country's bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) amid fierce opposition from civil groups which have argued the move will have an adverse impact on food security and access to medicines, local media reported.
Thai Commerce Ministry pushing for cabinet approval for joining CPTPP ảnh 1Illustrative image (Photo: VNA)
Bangkok (VNA) - The Commerce Ministry of Thailand is pushing forcabinet approval for the country's bid to join the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) amid fierceopposition from civil groups which have argued the move will have an adverseimpact on food security and access to medicines, local media reported.

Commerce Minister Jurin Laksanawisit has forwarded a proposal for Thailand'sbid to join the pact to the cabinet through the Secretariat of the Cabinet, theBangkok Post quoted Auramon Supthaweethum, Director-General of the Trade NegotiationsDepartment under the Commerce Ministry, as saying.

However, it is still not known if the matter will be put on the agenda of acabinet meeting tomorrow, Auramon said.

The International Economic Policy Committee previously assigned the departmentto prepare the proposal after a study on the pros and cons of the CPTPP impactwas completed.

According to Auramon, the study has taken into account all related issues,particularly access to medicines and compulsory licensing under the agreementon trade-related aspects of intellectual property rights among member nationsof the World Trade Organisation.

If Thailand does not join the pact, it will lose an opportunity and beovertaken by neighbouring countries Singapore and Vietnam which have alreadyjoined the pact, she said.

Meanwhile, Thai farmers and civil society organisations expressed concernsabout the impact of the new pact's intellectual property provisions, whichprevent them from saving and reusing seeds that contain patented plantmaterials. But officials insist farmers would still have the right to collectand reuse seeds, but only for non-commercial purposes.

Critics have also been concerned about some CPTPP provisions' impact on accessto affordable medicines as access to medicines is related to the protection ofintellectual property rights and patents.

A study by Bolliger & Company Thailand, which was hired by the department,found participation in the CPTPP would boost Thailand's GDP by 0.12 percentagepoints in revenue a year.

The CPTPP is a trade agreement between Australia, Brunei, Canada, Chile, Japan,Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam./.
VNA

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.