EU gives a quota of 28 Thai products for exports after Brexit takes effect this June

Published 2021년 5월 10일

Tridge summary

The Thai Ambassador has signed an agreement with the EU to allocate a tariff quota on 28 items following Brexit, expected to be effective in June. This agreement aims to maintain the same benefits for Thai exporters, with a focus on agricultural and fishery products. The quota will be distributed between the EU and the UK, with negotiations ongoing for a Free Trade Agreement (FTA) to increase the quota and reduce tax on these products. In the period 2017-2020, trade between Thailand and the EU averaged 1,400,178 million baht per year, with major exports including poultry products, rice, cassava, and flavored fish.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Thai Ambassador signs an agreement to allocate a tariff quota (TRQ) on 28 items with the EU after Brexit, expected to come into effect this June. On May 10, 2021, "Prachachat Business" reporter reported that Mrs. Pimchanok Pittfield, Ambassador, Permanent Representative of Thailand to the World Trade Organization and the World Intellectual Property Organization. Representing the Thai government to sign an agreement between Thailand and the European Union on the allocation of EU tariff quota products under the World Trade Organization (WTO), which is the outcome of negotiations to support the exit from the Union. Of the United Kingdom (or Brexit) in Brussels Kingdom of Belgium together with Ambassador José Fernando Costa Pereira. Permanent Representative of Portugal to the Commission on Politics and Security Office of the Chair of the Council of the European Union Who is a representative of the European Union and has Mr. Sekawan Methee, Ambassador and Head of the Delegation of ...

Source: Prachachat