Japan-Thailand Economic Partnership Agreement
After we look back on the first 9 months of 2008, we can see that only exporters of processed chicken and seafood products have directly benefited so far from the Japan-Thailand free trade agreement, say experts. Co-operative programs involving various sectors in the two countries have yet to start, said speakers at a Foreign Ministry conference on the first anniversary of the Japan-Thailand Economic Partnership Agreement (JTEPA).Thai meat and seafood exports to Japan rose 36% year-on-year to 30 billion baht in the first nine months of 2008. Processed chicken and fish exporters have eagerly sought to take advantage of the trade pact. Seventy-nine percent of processed shrimp exporters and 80% of black tiger prawn exporters have applied for benefits, Khun Rangsit Phusiripinyo, an official with the Agricultural Fiscal Policy Office, said.

Today the Bangkok Post reports that shrimpers have suggested the industry cut production by between 10% and 20% next year to match expected slow demand from major buyers overseas.