Thailand • Regulations promulgated in May 2000 formalized a Thai government practice requiring a countertrade transaction on government procurement contracts valued at more than 300 million baht, on a case-by-case basis. • A counterpurchase of Thai commodities valued at not less than 50% of the value of the principal contract may be required. – As part of a countertrade deal, the Thai government also may specify markets into which commodities may not be sold; these are usually markets where Thai commodities already enjoy significant access. • From 1994 through August 2006, 309 countertrade agreements were signed, resulting in exports valued at over 74 billion baht. • The Thai government is reviewing its countertrade policies due to concerns about delays and the management of these transactions.
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