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Japan Thailand Free Trade Agreement

By 2017, about 92% of tariffs on imports from Thailand to Japan and 97% of tariffs on imports from Japan to Thailand will be released. The Japan-Thailand Economic Partnership Agreement (JTEPA) is a free trade agreement between Thailand and Japan. The agreement was an agreement that would eliminate tariffs on more than 90% of bilateral trade in ten years. Japanese Prime Minister ShinzĂ© Abe and Thai Prime Minister Surayud Chulanont were signed on April 27, 2007 in Tokyo, Japan. The Japan Thailand Economic Partnership Agreement (JTEPA) is a free trade agreement signed by the two countries in April 2007. One of the expected benefits was to eliminate tariffs on more than 90% of their bilateral trade. In accordance with the provisions of the agreement, persons operating under the Thai Foreign Business Act of B.E. 2542 (1999) who meet the conditions set out by the JTEPA may apply for a certificate of operation from the Thai Ministry of Business Development. Thailand`s foreign trade continued to grow in November for the ninth consecutive month, sending 11M17 to 10.0 percent… Read more Thailand saw a trade deficit in December 2017 for the second time this year (after one in July 2017) due to larger-than-expected imports, which… Read more We work closely with our customers to help them enjoy the benefits of this type, the JTEPA certificate, also derived from the external trade agreement.

Many foreign customers contact us first when they are about to determine the most appropriate form for their business in Thailand. By 2012, all but five japanese auto parts will be duty-free. The other five will be duty-free over the next seven years. Japan will also reduce tariffs on boneless Thai chicken from the current 11.9 per cent to 8.5 per cent and cooked chicken from 6 per cent to 3 per cent. 97% of Japanese exports to Thailand and 92% of Thai exports to Japan will be duty-free within ten years. The agreement, which came into force on 1 November 2007, consists of merchandise trade, product rules of origin, trade in services, investment and transport of individuals, as well as cooperation in nine areas and seven joint projects. Thai activists have also expressed concern that the free trade agreement could make their country a landfill for Japan`s toxic waste. Bilateral trade negotiations with the United States herald a new era after President Trump`s historic visit to Asia on November 5-14,… The agreement does not apply to Japan`s sensitive agricultural products, such as rice, wheat and dairy products. The agreement also did not extend to products such as tobacco.

With the rationalization of most tariffs between the two trading partners, Japan`s free trade pact with Thailand will enter into force on November 1, the government said on October 2. The controversial agreement was overturned in April after months of uncertainty over Japan`s unease over the military coup and street protests in Bangkok. For its part, Japan, the world`s second-largest economy, is targeting an increasing number of bilateral free trade agreements, while global negotiations on liberalization are failing. It has trade pacts with other countries such as Malaysia, Singapore and the Philippines. Key features of the agreement Tariffs on 99.51% of products imported from Japan in 2006, representing 99.49% of the total value of Japanese imports, have been reduced or eliminated or benefit from a special quota from Japan. At the same time, tariffs on 92.95% of Thai exports to Japan were reduced or eliminated or special quotas were granted, representing 98.06% of all customs positions on Thai exports to Japan in 2006.