Trade Agreements
Thailand - Australia Free Trade Agreement
Area of Cooperation
Goods: Agriculture, Meat, Horticulture, Dairy, Sugar, Wine, Processed food and beverages, automotive, services, investment, intellectual property, dispute settlement, trade facilitation, labor mobility
Sign Date
January 1, 2004
In Force Date
December 31, 1969
Summary
In Force since 2005, the Thailand-Australia Free Trade Agreement (TAFTA) is a market opening agreement which allows Australian products greater access. Upon entry into force, Thailand eliminated more than half of its tariff, which over a significant amount of Australian exports. While Australian exports were previously pushed out of the Thailand market due to quotas and high tariffs, it now has access in numerous areas.
http://www.thaifta.com/english/eng_au.html
Scope |
i.
Bilateral |
Rules of Origin |
i.
Change
in Tariff heading ( 4 or 6 Digit level)
ii.
Value
Added Content: 40-55% FOB value
iii.
No
Specific Manufacturing Process Required |
Contingency |
i.
Anti
- Dumping : WTO Agreement on Implementation of WTO Art VI. Time frame: 12
months (6 for seasonal prods)
ii.
Countervailing
Duties : Accepted, following WTO principles.
iii.
Safeguards
: Accepted, for up to two years. Special provisions for agriculture |
News/Studies |
i.
“The
Australia-Thailand Free Trade Agreement: economic effects” http://www.dfat.gov.au/trade/negotiations/aust-thai/guide.html
ii.
“Business
Guide to the TAFTA”
iii.
“Benefits
of Thai FTA Outlined”
iv.
“Thai-Australia
trade grew 30 per cent from FTA”
v.
“FTA
provides Thai opportunity”
vi.
“Australian
Exporters Taking Advantage of Thailand-Australia Free Trade Agreement
(TAFTA)” http://www.trademinister.gov.au/releases/2006/mvt010_06.html
vii.
“Australia-Thailand
free trade deal to be challenged in court”
viii.
“FTA
leads to big deficit with Aust”
http://www.nationmultimedia.com/2005/08/12/business/index.php?news=business_18326839.html
ix.
“
x.
“Milking
|
Additional Links |
i.
http://www.fta.gov.au/default.aspx?FolderID=260&ArticleID=206
ii.
http://www.fta.gov.au/default.aspx?FolderID=310&ArticleID=343 |