Thai Parliament approves Regional Comprehensive Economic Partnership (RCEP)
The parliament approved the ratification of the Regional Comprehensive Economic Partnership (RCEP) which was expected to take effect this year, said Deputy Prime Minister and Commerce Minister Jurin Laksanawisit.
RCEP would be the 14th free trade agreement (FTA) of Thailand and would promote Thai trade, he said. RCEP would be the world’s biggest FTA covering 15 countries with a combined gross domestic product equivalent to one-third of the global GDP.
