Japan-Thailand Economic Partnership Agreement Jtepa

1) The applicant must be a registered limited company in Thailand. There are some exceptions to this requirement, as regular partnerships and single limited partnerships for certain types of businesses are entitled to apply for an operating certificate. The agreement does not apply to Japan`s sensitive agricultural products, such as rice, wheat and dairy products. The agreement also did not extend to products such as tobacco. The Japan-Thailand Economic Partnership Agreement (JTEPA) is a free trade agreement between Thailand and Japan. The agreement was an agreement that would eliminate tariffs on more than 90% of bilateral trade in ten years. Japanese Prime Minister Shinzé Abe and Thai Prime Minister Surayud Chulanont were signed on April 27, 2007 in Tokyo, Japan. The Japan Thailand Economic Partnership Agreement (JTEPA) is a free trade agreement signed by the two countries in April 2007. One of the expected benefits was to eliminate tariffs on more than 90% of their bilateral trade. In accordance with the provisions of the agreement, persons operating under the Thai Foreign Business Act of B.E.

2542 (1999) who meet the conditions set out by the JTEPA may apply for a certificate of operation from the Thai Ministry of Business Development. Key features of the agreement Tariffs on 99.51% of products imported from Japan in 2006, representing 99.49% of the total value of Japanese imports, have been reduced or eliminated or benefit from a special quota from Japan. At the same time, tariffs on 92.95% of Thai exports to Japan were reduced or eliminated or special quotas were granted, representing 98.06% of all customs positions on Thai exports to Japan in 2006. Thai products for which tariffs have been totally abolished include: gemstones and jewellery, textiles and clothing, petrochemicals and plastics as well as foodstuffs, including prepared, preserved and frozen shrimp and shrimp, or cooked shrimp and shrimp, legumes, vegetables (octra, olives, fresh potatoes, fresh potatoes asparagus); Freshly chilled and frozen fruit (durian, papaya, mangoes, mangosteen, coconut), cassava starch and potatoes, sliced or granulated. Japanese products for which tariffs have been abolished: foodstuffs, including freshly refrigerated or frozen fish, shrimp, prepared, preserved and frozen fresh shrimp and shrimp, or cooked shrimp and shrimp, temperate fruits such as apples, peaches, pears, plums and various berries; Precious stones and jewellery, textiles and clothing; Steel, steel and steel. Thai products on which Japan imposes quotas of fresh bananas and pineapples, processed pork, molasses and cassava flour Japanese products on which Thailand imposes quotas of potatoes, large onions and seeds, garlic, copra, pepper, soybeans, soybean oil, coconut, coffee seeds, tea, rice, palm oil , coconut oil, instant coffee, longane, sugar, skimmed milk powder, raw milk, and milk, iron and reconstituted iron Services Thailand is committed to enabling Japan to establish businesses and provide services within the framework of the World Trade Organization; for example, corporate general boards, marketing management boards and advertising services, logistics consulting firms, luxury hotels, marina services, IT services and higher education services.

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