Vocabulary Revision 3

agreement (n.) – arrangement agreed between people  ข้อตกลง

ASEAN Members have already made an agreement to facilitate free labour movement among seven types of professionals.

base (n.) – the main place where a business operates from ฐาน(การผลิต)

Honda will not relocate its production base in Thailand elsewhere despite heavy losses from flooding.

compete (v.) – to try to be more successful or better than sb else.  แข่งขัน

Small traders in Thailand cannot compete in the face of cheap foreign imports.

cooperation (n.) – working something together    ความร่วมมือ
China's top political adviser vows more cooperation with ASEAN countries.

impact (n.) – a powerful effect  ผลกระทบ

The flooding in Thailand last year had a tremendous impact on different manufacturers.