India -Thailand agrees to resolve market access issues and technical barriers through sustained bilateral discussions

New Delhi: The 13th Meeting of India -Thailand Joint Trade Committee (JTC) was held yesterday in New Delhi. The meeting was co-chaired by Director General of Department of Trade Negotiations, Ministry of Commerce of Thailand, Auramon Supthaweethum, and Joint Secretary in the Ministry of Commerce and Industry, Indu C. Nair. This was the first physical meeting of the JTC after it was revived in 2020, after 17 years. 

Reviewing the status of bilateral trade, the chairs emphasized the need for identifying new potential products and priority sectors for expanding the bilateral trade.

 

Both sides also discussed various market access issues and technical barriers



faced by their exporters and agreed to resolve the same through regular and sustained bilateral discussions.

India raised the restriction faced in its export of marine, poultry, and meat products. During the meeting, both sides identified a range of potential commodities and sectors for strengthened partnership such as value-added marine products, smartphones, Electric vehicles, food processing, and pharmaceuticals.

The meeting also reviewed the progress of the ongoing efforts on connecting Unified Payment Interface (UPI) of India with Prompt Pay Service of Thailand and the settlement of trade transactions in local currency.