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BANGKOK (NNT) – Thailand’s fruit exports continue to increase, despite the sluggish global economy caused by the COVID-19 pandemic, with key trade partners being countries that have free trade agreements (FTAs) with the kingdom.
Thai durian, mangosteen, longan and mango are popular in China, Hong Kong and ASEAN member states.
Director-General of the Department of Trade Negotiations, Oramon Sapthaweetham, said Thai fruit exports, to 18 countries which have FTAs with Thailand, reported 107 percent growth in the first two months of 2021, compared to the same period of last year. The total trade value was US$461 million, accounting for 94.94 percent of the country’s total fruit exports.
China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian, mangosteen, longan and mango. Thai exporters are able to benefit from FTA privileges.
As part of plans to stimulate a rebound in tourism, some countries have moved to waive compulsory quarantine for international travellers who have received a coronavirus vaccine.
In late March it was announced that, as of July 1, foreigners visiting the popular Thai holiday island of Phuket will be exempt from quarantine upon arrival if they have received two vaccine doses.– As of July 1, vaccinated travellers to Phuket will be exempt from mandatory quarantine– The strategy is being combined with mass vaccinations to trigger a recovery in tourism– The plan could provide a blueprint for the successful resumption of international travel– Governments are increasingly looking towards travel bubbles and quarantine exemptions
Local officials also stated that after one week in Phuket without showing symptoms – and testing negative – tourists would then be able to travel to the rest of the country.A significant turnaround in Thailand’s pandemic s…
The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The COVID-19-hit 2020 remained a roller coaster ride for the global deal landscape and APAC was not an exception. The market conditions are expected to remain volatile as the fear of a second wave of COVID-19 in some of the key markets is likely to affect the investor sentiments.
“However, the growth witnessed in February, albeit bit slow, can be a positive sign for the revival of deal-making in the APAC region as investor cautiousness is likely to prevail for some more time.”Aurojyoti Bose, Lead Analyst at GlobalData
An analysis of GlobalData’s Financial Deals Database reveals that the APAC markets such as India, Japan,…