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Home >> Business
UPDATED: 15:42, June 05, 2006
Thai Government urged to defer FTA deals with U.S. and Japan
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Thailand's caretaker government has been urged to defer its conclusion of bilateral free trade area ( FTA) agreements with the United States and Japan until a newly- elected administration takes office, The Thai News Agency reported Monday.

Kiart Sitthiamorn, deputy head of the former opposition Democrat Party's economic task force, was quoted as saying that FTA pacts with trading partners must be approved by Thai parliament and called for the current interim government to defer inking the planned FTA accords with the United States and Japan.

Deputy Prime Minister and Commerce Minister Somkid Jatusripitak earlier said that he would forge ahead negotiating and clinching the planned FTA pacts with the two countries, citing concerns that Washington might turn to ink FTA deals with other countries in the region if the planned Thai-U.S. FTA pact is delayed,and that the planned Thai-Japanese FTA pact might be further delayed if it is not signed before incumbent Japanese Prime Minister Junichiro Koizumi's term ends in September.

Kiart said the Democrat Party had sent a letter to Washington, urging the U.S. government to postpone the planned FTA pact with Thailand until it could be scrutinized and approved by the Thai parliament.

Kiart also urged the government to review possible impacts the planned bilateral FTA pacts with Washington and Tokyo would have on Thailand's particular sectors and the overall Thai economy.

He noted that a Democrat Party study had found some disparities between the ASEAN-Japanese FTA pact and the planned Thai-Japanese FTA deal.

Kiart also proposed that public hearings be held so that Thai farmers and representatives of other sectors in the Thai economy which might be affected by the planned Thai-US FTA pact could express their views and problems.

Source: Xinhua


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