Agreement between Japan and the Kingdom of Thailand for an Economic Partnership

The Deputy Prime Minister and the Minister for Foreign Affairs of Thailand signed a diplomatic note amending Annex 2 (Product-Specific Rules: PSR) of the Agreement between Japan and the Kingdom of Thailand on an Economic Partnership (JTEPA). The agreement did not apply to sensitive Japanese agricultural products such as rice, wheat and dairy products. The agreement also did not cover demerit products such as tobacco. In September 2005, Japan and Thailand jointly announced that an agreement in principle had been reached between the Japanese and Thai sides on the basis of a series of negotiations since February 2004 on all important elements of the Japan-Thailand Economic Partnership Agreement (`JTEPA`). The JTEPA entered into force in November 2007. The JTEPA became the fifth Economic Partnership Agreement after agreements with Singapore, Mexico, Malaysia and Chile. In addition, the Royal Thai Government and the Government of Japan adopted the Revised Operational Procedures (OP) of the JTEPA, which were agreed on May 20, 2021 through the exchange of letters between the respective Chairs of the JTEPA Joint Committee (JC) of the two parties in accordance with the functions of the JC specified in the JTEPA. The adoption of the revised OP has two main objectives, namely: (1) to simplify the process of implementing the relevant documents under the JTEPA and to improve the clarity of the implementation rules following the implementation of paediatric organisations and (2) to develop systems for the preliminary verification of the authenticity of certificates of origin (CBs) enabling officials of the competent authorities of Thailand and Japan: verify the authenticity of conscientious objectors through the systems provided. The systems, which will come into effect in 2022, will accept the submission of OC JTEPA in PDF format and will be used as preliminary measures, while both parties are moving towards the use of the e-CO data exchange system in the future. Therefore, the JTEPA is considered the first agreement for Thailand to allow the submission and acceptance of conscientious objectors issued in PDF format.

2. The importance of the agreement for Japan Thailand is Japan`s 6th largest export partner and 8th largest import partner (Trade Statistics for FY2019, Ministry of Finance). The JTEPA will usher in a new era for the strategic partnership between Japan and Thailand and provide a solid foundation for an East Asian community. Memorandum on Antimonopoly Cooperation between the Fair Trade Commission of Japan and the State Administration for Market Regulation of the People`s Republic of China (PDF: 25KB) The exchange of the above-mentioned diplomatic notes between the Royal Thai Government and the Government of Japan was adopted as a procedure for the adoption of the revised Annex 2 (Product-Specific Rules: PSR) of the JTEPA, based on the results of the 6th meeting of the Sub-Committee on Rules of Origin within the JTEPA on 24 February 2021, of which the Thai Customs Authority and the Japanese Ministry of Foreign Affairs are the main authorities. The exchange of diplomatic notes amending Annex 2 (Product-Specific Rules: RSP) of the JTEPA is intended to implement the PSRs set out in Annex 2 of the JTEPA from the Harmonized System (HS) Code 2002 to the HS 2017 in order to facilitate the business activities of entrepreneurs from both countries, thereby reducing importers` preparation time for relevant import documents and minimizing the risk of additional risks. Tariffs in case of incorrect assignment of HS codes. The Thai Cabinet approved the signing of the diplomatic notes on 22 June 2021.Cooperation Agreement between the Fair Trade Commission of Japan and the Australian Competition and Consumer Commission (PDF: 114KB) 3. The key elements of the agreement(1) Trade in goods: complete elimination and reduction of tariffs on industrial and agricultural products in bilateral trade, bilateral safeguard measures, etc. (2) Customs procedures: publication of laws, regulations and administrative provisions, rationalisation and harmonisation of customs procedures, bilateral cooperation and exchange of information between customs authorities, establishment of a subcommittee, etc. (3) Mutual recognition: mutual recognition of the results of conformity assessment of electrical products in Japan and Thailand.

This agreement makes it possible to carry out conformity tests of electrical appliances in their respective countries. (4) Services: A promise of market access and equal national treatment for service providers of the other Party, Thailand, is a promise of further liberalisation in the areas of retail and wholesale services, higher education, shipping agent activities, etc.(5) Investment: a promise of equal treatment on the national territory, taking into account most-favoured-nation status and prohibiting the obligation to implement specific measures (demand for local purchases and demand for export), with regard to investment activities (in non-service industries) by investors of the other signatory State (6) Movement of persons: Japan must promise permission for the entry or temporary stay of Thai chefs and instructors (in domestic dance, music, cooking, etc.) under certain conditions. (7) Intellectual property: improving the simplification and transparency of a procedure and strengthening the protection of intellectual property rights and the exercise of rights, etc.(8) Competition: bilateral exchange of information and cooperation, etc. between competition authorities(9) Cooperation: cooperation in the nine fields of agriculture, forestry and fisheries, education and human resources development, improvement of the business environment, information and fisheries. Communication technologies, science, energy and environment, small businesses, tourism, trade and investment promotion. 1. JTEPA will develop and deepen the already close and cordial mutually beneficial relations of friendship and cooperation by establishing closer economic relations, improving a more favorable investment climate and creating greater trade opportunities through cooperation, liberalization and facilitation of trade and investment between the two countries. The Japan-Thailand Economic Partnership Agreement (JTEPA) is a free trade agreement between Thailand and Japan. The deal was a deal that would abolish tariffs on more than 90 percent of bilateral trade within 10 years. .