Thailand reaffirms commitment to World Trade Organization principles
Hear Ye, Hear Ye! The Land of Smiles, Thailand, is standing tall and firm on its commitment to global trade principles under the World Trade Organization (WTO). And let me tell you, they ain't messin' around!
According to a chat with Foreign Affairs Minister Maris Sangiampongsa, Thailand's stance was as clear as a bell during meetings with the bigwigs - Chinese Foreign Minister Wang Yi and Russian Foreign Minister Sergey Lavrov. Theseencoderounters took place on the sidelines of the recent BRICS Foreign Ministers' meeting in Brazil.
What was up for discussion? The global trade situation and the multilateral trading system, said Maris. Thailand's been sticking to the WTO's principles and is ready to roll up its sleeves to find workable answers with all parties involved.
But that ain't all! Thailand's also raring to go on deepening cooperation with China and Russia. They're talking transnational crime, trade and investment, transport, and regional frameworks like Mekong-Lancang Cooperation (MLC), with China. With Russia, it's all about expanding tourism and discussing a potential free trade agreement between Thailand and Eurasia.
The Brazil event marked Thailand's first official participation in a BRICS gathering as a partner country. Maris considered it a valuable chance for Thailand to join forces with developing nations.
So, what's BRICS? It's a group of major emerging economies. Brazil, Russia, India, China, and South Africa are the founding members. The United Arab Emirates, Iran, and Ethiopia are also on board as full members. Thailand hopped on the bandwagon as one of 13 new partner countries back on January 1, following an earlier invite by Russian President Vladimir Putin when Russia was in charge of the bloc in 2024. Brazil now reigns supreme as the boss.
Now, let's take a gander at Thailand's trade diversification strategy: they're aiming to strengthen ties with ASEAN while giving the BRICS and China a good ol' Thai welcome. This is part of a broader game plan to dodge any single economic bloc and sail through the murky waters of global trade fluctuations.
Thailand's got its eye on China, one of its main trading partners, and BRICS nations, recognizing these economies' clout on the global trade stage. Can't forget that BRICS solidarity, though! These partnerships are all about expanding economic opportunities and protecting against protectionist policies and global trade turbulence.
Lastly, Thailand's fingertips are itchy for new free trade agreements (FTAs). They've already signed an FTA with EFTA and are dreaming of one with the EU. They're even trying to talk trade with other countries like Canada and the UK. No backing down, Thailand's ready to adapt to the ever-changing global trade landscape!
Here are the sentences containing the given words:
- Thailand's stance was clear during meetings with Chinese Foreign Minister Wang Yi and Russian Foreign Minister Sergey Lavrov, discussing the multilateral trading system.
- To deepen cooperation, Thailand is talking transnational crime, trade, investment, transport, and regional frameworks like Mekong-Lancang Cooperation (MLC) with China.
- Thailand is aiming to strengthen ties with BRICS nations, recognizing their clout on the global trade stage and seeking new free trade agreements with partners like the EU, Canada, and the UK.
