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Thailand sees GDP, investment boost if joins CPTPP trade pact

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Thailand could expect a boost to its economic growth, investment and exports to help offset the negative impact of the new coronavirus pandemic if it participates in an Asia-Pacific trade agreement, the commerce ministry said on Monday.

FILE PHOTO: Cargo ships are pictured near the port in Bangkok, Thailand, March 25, 2016. REUTERS/Athit Perawongmetha

Without that, the economy will lose 26.6 billion baht, or 0.25% of GDP, with investment down 0.49% and exports down 0.19%, she said in a statement, citing the ministry’s study on CPTPP membership. The study will be presented to the cabinet to decide whether Thailand will join the pact, Auramon said. The cabinet meets every Tuesday, but it is not clear whether this week’s session will debate the matter.

Those opposed to membership include Move Forward opposition partly leader Pita Limjaroenrat, who has said it would have a negative impact on the economy.

 

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