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Market Chatter: Thailand Weighs Bid to Join CPTPP as US Pressures Rise

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Thailand is re-evaluating its bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as rising protectionism and US tariff pressures reshape global trade dynamics, The Nikkei Asian Review reported Thursday.

Citing Foreign Minister Sihasak Phuangketkeow, the report said that the country should move ahead with the pact without waiting for other trade negotiations to conclude. He said weakening global trade rules is accelerating a shift toward regional frameworks such as the CPTPP.

Thailand is also working to finalize its long-running free trade agreement negotiations with the European Union this year, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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