Australia urges more trade liberalisation under TAFTA

Australia is keen on liberalisation of the trade in agricultural products and professional services after the Thailand-Australia Free-Trade Agreement (TAFTA) has been in effect for 10 years, while foreseeing strong trade growth between the two nations. However, Somkiat Tangkitvanich, president of the Thai Development Research Institute, said Tariffs on imported wine, beverages and tobacco from Australia should be maintained. “The duties from those products are one of the major sources of income for the government.”