BANGKOK: A framework has been launched for the implementation of a reciprocal trade agreement between the United States and Thailand.
It’s a major trade package in which Thailand will purchase US agricultural and energy products, and aircraft, valued at more than US$20bil.
According to a document published by the White House on Sunday, the United States and Thailand have agreed to develop a framework for an Agreement on Reciprocal Trade in order to reinforce bilateral economic relations.
This will enable exporters from both countries to access each other’s markets as never before.
This Agreement on Reciprocal Trade is built on the long-standing economic relationship between the two countries.
This includes the 1966 treaty on amity and economic relations between the United States and Thailand and the US-Thailand Trade and Investment Framework Agreement signed in 2002. — The Nation/ANN
