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Friday, May 3, 2024

RCEP Charges Thailand’s Trade with Chinese Cuisine

Photo courtesy of Lion Brand Authentic Thai Rice

Thai coconuts have become a sensation, captivating the taste buds of the vast Chinese market.

Since the initiation of the Regional Comprehensive Economic Partnership (RCEP) in 2022, these delectable coconuts have found their way into an array of Chinese dishes, from cakes and coffee to hot pot extravaganzas.

Two years on, the RCEP has not only transformed the economic landscape for Thailand but ignited a gastronomic revolution in China. The RCEP, encompassing 15 Asia-Pacific nations, has given a significant boost to various Thai industries, including agriculture, textiles, and automobiles.

This economic alliance has proven to be a game-changer, with tariff reductions fueling a surge in trade and investments. In 2022, Thailand’s trade with RCEP members saw a remarkable 7.11% year-on-year increase, reaching a staggering US$300…

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