Photo courtesy of KhaoSod
The United Kingdom government has finalised a significant trade and investment agreement with Thailand, marking the first such deal since the Labour government assumed office in July.
..
The United Kingdom government has finalised a significant trade and investment agreement with Thailand, marking the first such deal since the Labour government assumed office in July.
Commerce Minister Pichai Naripthaphan and UK Trade Minister Douglas Alexander signed the enhanced trade partnership agreement in Bangkok yesterday, September 18. The deal seeks to eliminate specific trade barriers, focusing on sectors such as technology, customs, and standards but does not encompass broad tariff reductions.
Under Prime Minister Keir Starmer, the Labour government is prioritising trade to drive economic growth, as highlighted by Chancellor of the Exchequer Rachel Reeves. Reeves criticised the previous Conservative administration for leaving a £22-billion (approximately 967 billion baht) deficit in the national budget.
During the General Election campaign…