China has 90 percent market share of textiles and garments in Japan.
Thai private sector seeks early FTA, enabling to encourage trading partners and importers to buy more Thai products.
Japan has confidence of Thai production quality and has been investing a lot in the country.
Thus, the new government must sign FTA with Japan or else Thailand's textile and garment industry may surrender domestic markets to trading rivals.
Japan has shown its inclination of importing textiles and garments from Thailand since Tokyo does not want to only count on imports of the products from China.
Thai-Japanese FTA pact will not only increase sale, but also deliver investment base shifting from Japan to Thailand and besides, engage in technology transfer.
To what extent Thailand would gain from the accord depends on negotiating capability of the working committee.
marketing@alchempro.com
