Thailand’s steady progress towards trade liberalization as well as
macro-economic stabilization and key structural reforms, including
financial sector rehabilitation, have promoted growth in the face of
unfavourable global factors, according to a report on the trade policies
and practices of Thailand released 14 November by the WTO Secretariat.
Further improvement in Thailand’s market access as well as progress in
privatization and regulatory reforms, to make domestic markets more
competitive, would raise productivity an attract much needed foreign
direct investment and also assist a sustained recovery, says the report.
The report adds that Thailand’s economic prospects appear to be
favourable but robust growth will depend upon continued structural
reforms an macroeconomic stabilization especially fiscal consolidation
and sound public debt management which will help restore the still
fragile corporate and financial sectors burdened by debt and
non-performing loans, says the report.
following documents are available in MS Word format.
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the on-line
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews
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Chile: 2, 4 December 2003
Turkey: 17, 19 December 2003