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Thailand - Australia Free Trade Agreement

ThailandThailand
AustraliaAustralia

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”           
http://www.dfat.gov.au/trade/negotiations/aust-thai/tafta_business_guide.pdf

                                                            iii.      “Benefits of Thai FTA Outlined”          
  http://www.abc.net.au/news/items/200610/1774810.htm?sunshine

                                                           iv.      “Thai-Australia trade grew 30 per cent from FTA”      
http://etna.mcot.net/query.php?nid=25159

                                                             v.      “FTA provides Thai opportunity”          
http://www.bilaterals.org/article.php3?id_article=4058

                                                           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” 
  http://www.bilaterals.org/article.php3?id_article=3522

                                                        viii.      “FTA leads to big deficit with Aust”                 http://www.nationmultimedia.com/2005/08/12/business/index.php?news=business_18326839.html

                                                           ix.      “Australia, Thailand sign free trade agreement”                   http://www.theage.com.au/articles/2004/07/05/1088879412263.html?from=storylhs

                                                             x.      “Milking Thailand: The Thai-Australia Free Trade Agreement”   
http://www.focusweb.org/content/view/529/

 
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

                              iii.  http://www.dfat.gov.au/trade/negotiations/aust-thai/guide.html