In response to the COVID-19 pandemic, developing countries at the World Trade Organization (WTO) are faced with demands to i) permanently liberalize their markets in health products, and also in agriculture; ii) ban export restrictions in agriculture; and iii) conclude new digital trade rules including liberalizing online payment systems, and agreeing to free data flows.

SOURCE: The South Centre

Image Credit: The South Centre

On April 7, 2020, the Thai government issued its third stimulus package worth 1.9 trillion baht (US$58 billion) to mitigate the economic impact caused by the COVID-19 outbreak.

This latest package, named Phase 3, is equivalent to 10 percent of GDP. 1 trillion baht (US$30 billion) was provided through bond issuance and 900 billion baht (US$27.8 billion) from the central bank, Bank of Thailand (BOT).

Source: ASEAN Briefing