USTR Presses Thailand on Import Restrictions, During Bilateral Meeting
The U.S. and Thailand agreed to expand cooperation on bilateral, regional, and multilateral issues in order to increase trade, during a two-day meeting under their Trade and Investment Framework Agreement (TIFA) that ended Jan. 16. They also discussed advancing the U.S.-ASEAN Enhanced Economic Engagement Initiative announced by President Obama and the ASEAN Leaders last November, as well as ways to coordinate approaches in APEC and the WTO, said the Office of U.S. Trade Representative.
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The U.S. raised concerns about Thai import restrictions on pork products, proposed measures that would require domestic processing of credit card transactions, and regulations that would restrict foreign participation in the Thai telecommunications sector, USTR said. It also provided an update on the status of the Trans-Pacific Partnership negotiations.