The Hon. Mark Vaile, MP
The Hon. Mark Vaile, MP

Media release

5 July 2004 - MVT54/2004

New Guide to Doing Business with Thailand

Trade Minister Mark Vaile today released a guide to assist exporters and companies take advantage of new business opportunities created under the Thailand-Australia Free Trade Agreement.

The release of the Business Guide to the Thailand-Australia Free Trade Agreement, produced by the Department of Foreign Affairs and Trade (DFAT), marked today's signing of TAFTA which is expected to enter into force in January 2005.

Mr Vaile said the publication was a practical, easy to read guide to TAFTA's structure, benefits and requirements.

"The guide includes advice on selling goods to Thailand and the procedures companies should follow to register themselves and their goods for export to Thailand's rapidly growing market," Mr Vaile said.

"TAFTA is a major market opening agreement offering substantial benefits for Australian primary producers, manufacturers, service providers and investors. Particular opportunities will arise in areas such as agriculture, processed foods and beverages, mining and automotive products.

"I encourage Australian companies to become familiar with TAFTA. Australian businesses now have a window of opportunity to take advantage of lower tariffs than those faced by their foreign competitors.

"Australian companies should be aware of those areas where they will gain preferential access to the Thai market, especially for products previously protected by high tariff barriers. This business guide is a tool and information resource to help companies make the most of these changes."

Further information about TAFTA and a copy of the business guide can be found on the DFAT website's TAFTA area.

Contact: Ursula Carolyn (Ministerial) 02 6277 7420 or Nicole Guihot (Departmental) 02 6261 1555

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