Bangkok, June 12 -- The Thai Cabinet on June 10 approved the submission of the Protocol to Upgrade the ASEAN-China Free Trade Agreement (ACFTA) to legislature for ratification, paving the way for ACFTA 3.0 aimed at promoting regional trade, investment, digital economy, and green growth.
Deputy Government Spokesperson Lalida Pherdwivatana said the decision marks an important step to complete Thailand's domestic legal procedures before ACFTA 3.0 becomes legally binding on the country.
One of the key features of ACFTA 3.0 is the modernisation of customs procedures and trade facilitation through expanded use of electronic systems, greater transparency in the publication of export-import information, and shorter customs clearance times for per...