RCEP was successfully concluded in November 2020 with 15 parties confirming their participation in the free trade agreement. For Thailand, it is estimated that the RCEP will boost the country’s GDP by an additional 4%.
Thai government has taken into account the potential negative impacts on local entrepreneurs in some sectors. In this respect, the Ministry of Commerce is now considering establishing an FTA fund to support local enterprises with financial and technical assistance.
According to the Global COVID-19 Index (GCI), Thailand currently ranks 2nd out of 184 countries for COVID-19 recovery. the GCI was established as a way of measuring the COVID-19 recovery performance of countries around the world.
