12020Dec

Agreement Between Japan And The Kingdom Of Thailand For An Economic Partnership

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. Joint Statement at the signing of the Japan-Kingdom Economic Partnership Agreement (April 3, 2007) We work closely with our clients to help them realize the benefits of this type of certificate, the JTEPA certificate, of the foreign trade agreement. Many foreign customers contact us first when they are about to determine the most appropriate form for their business in Thailand. 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 Shinzé Abe and Thai Prime Minister Surayud Chulanont were signed on April 27, 2007 in Tokyo, Japan. 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. Thai products for which tariffs have been totally abolished include: gemstones and jewellery, textiles and clothing, petrochemicals and plastics as well as foodstuffs, including prepared, preserved and frozen shrimp and shrimp, or cooked shrimp and shrimp, legumes, vegetables (octra, olives, fresh potatoes, asparagus); Freshly chilled and frozen fruit (durian, papaya, mangoes, mangosteen, coconut), cassava starch and potatoes, sliced or granulated. Japanese products for which tariffs have been abolished: foodstuffs, including freshly refrigerated or frozen fish, shrimp, prepared, preserved and frozen fresh shrimp and shrimp, or cooked shrimp and shrimp, temperate fruits such as apples, peaches, pears, plums and various berries; Precious stones and jewellery, textiles and clothing; Steel, steel and steel. Thai products on which Japan has imposed quotas of fresh bananas and pineapples, processed pork, molasses and cassava flour Japanese goods on which Thailand imposes quotas of potatoes, large onions and seeds, garlic, kopra, pepper, soybeans, soybean oil, coconut, coffee seeds, tea, rice, palm oil, coconut oil, instant coffee, instant coffee, longan, sugar, skimmed milk powder, raw milk and milk, iron and reconstituted ferrous products Services Thailand is committed to enabling Japan to create businesses and provide services beyond the 14 subcategory linked by the World Trade Association; for example, corporate general boards, marketing management boards and advertising services, logistics consulting firms, luxury hotels, marina services, IT services and higher education services.

Japan is committed to giving Thais the opportunity to create operations and provide services and/or services to Japan beyond the 65 subcategory linked by the WTO agreement, and has adapted more than 70 additional subcategory; for example, hotel services, catering services, banquet services, tourist services, spas, entertainment services, as well as Thai dance classes, Thai boxing and Thai cuisine. Investments Thailand has committed to allowIng Japanese and Japanese citizens to hold up to 50% of the equity of car production companies (Thais holding the remaining capital), and the incumbent is not required to obtain permission to operate.