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Free trade pact with U.S. may speed up banking reforms in Thailand.
Byline: Achara Ashayagachat
Aug. 6--A bilateral free trade area (FTA) agreement with the United States would be an effective way to accelerate financial and banking reform as well as good governance in the Thai private sector, according to experts who have been monitoring the negotiations.
However, representatives from the industry are concerned breaking down the borders for financial transactions may put Thai financial institutions at a competitive disadvantage to foreign institutions that already have exposure in the US.
Nitya Pibulsonggram, Thailand's chief negotiator, said that issues related to the financial and banking sector were among ...
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