Australia is keen on liberalisation of the trade in agricultural products and professional services after the Thailand-Australia Free-Trade Agreement (TAFTA) has been in effect for 10 years, while foreseeing strong trade growth between the two nations.
At an Australia-Thailand Business Forum yesterday, Greg Wallis, Australia's senior trade commissioner to Thailand, said bilateral trade was expected to grow by 20 per cent between now and 2020, thanks to closer ties and further trade liberalisation.
Australia has called for Thailand to ease its safeguards for agricultural products, while liberalising service sectors to attract more investment.
With regional integration, Thailand will be considered a centre of trading and investment in Asean, and the Kingdom should adapt by liberalising its market more fully.
