Thai PBS Thai PBS
Thailand urges rapid conclusion to EU trade talks

Thailand urges rapid conclusion to EU trade talks

13 Sept 13:45 Key points summarised by AI
  • Thailand's Trade Policy and Strategy Office (TPSO) stresses the urgent need to finalize Free Trade Agreement (FTA) talks with the EU, warning that delays risk Thailand falling behind regional competitors like Vietnam and Singapore.
  • The EU's aggressive push for global trade deals and efforts to diversify economic risks present a strategic opportunity for Thailand to become a key manufacturing and export hub for high-potential sectors.
  • Despite these opportunities, Thailand faces fierce competition from regional peers with existing FTAs and must overcome challenges posed by stringent EU environmental regulations, particularly for SMEs.
  • The Ministry of Commerce aims to conclude the Thai-EU FTA negotiations by the end of this year, with significant progress already made on 11 out of 24 chapters, to enhance competitiveness, attract investment, and ensure long-term economic stability.
Read full article
Economy 1/1
Skip > Skip >