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Uk Signs Trade Pact With Thailand In Bid To Boost Exports

UK signs trade pact with Thailand in bid to boost exports

The UK has signed a trade pact with Thailand in a bid to boost exports and create jobs.

The deal will reduce tariffs on a range of goods, including cars, whisky and pork.

It is expected to increase trade between the two countries by £1.5 billion a year.

The deal is part of the UK's new trade strategy, which aims to increase exports and reduce reliance on the EU.

The UK has already signed trade deals with Japan, Australia and New Zealand.

The deal with Thailand is the first to be signed with a country in Southeast Asia.

The UK is also in talks with other countries in the region, including Indonesia and Vietnam.

The UK government said the deal with Thailand was a "significant step forward" in its trade strategy.

International Trade Secretary Liz Truss said: "This deal will help businesses in the UK and Thailand to trade more easily and will create jobs and boost economic growth in both countries."

The Thai government also welcomed the deal.

Commerce Minister Jurin Laksanawisit said: "This agreement will open up new opportunities for businesses in both countries and will help us to achieve our shared goal of increased trade and economic growth."

The deal is expected to come into force in early 2022.


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