Thailand to wrap up more FTAs by 2026

10 Sept 19:10 Key points summarised by AI

Thailand is actively pursuing new Free Trade Agreements (FTAs), aiming to finalize deals with key partners like South Korea (by end 2025), the EU, and Peru (by August 2025) as part of its ambitious 2026 target.
Recent achievements include signing FTAs with Sri Lanka, Bhutan, and the European Free Trade Association (EFTA) between 2024 and early 2025, which are projected to become effective by the end of 2026.
Regionally, Thailand, through ASEAN, is advancing negotiations to update the ASEAN-India FTA and expects substantial progress on the ASEAN-Canada FTA, targeting completion by 2026.
These trade agreements are crucial for boosting Thai export industries, including automobiles, machinery, electrical appliances, fruits, and processed food, while also fostering growth in tourism and services.
Existing FTAs already play a significant role in Thailand's economy, contributing over $360 billion to its total trade in 2024, representing nearly 60% of the country's trade volume.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.