Ministry of Commerce Pushes Forward Thai-EU FTA to Boost Trade and Attract European Investors
March, 14 2025
Why is the Thai-EU FTA Important?
Expands Trade Opportunities: Enhances the competitiveness of Thai products in the European market.
Reduces Business Costs: A free market helps lower import-export costs.
Attracts Investments: Encourages more European investors to invest in Thailand.
Currently, Thailand and the EU have conducted four rounds of negotiations, concluding two chapters and beginning discussions on market access for goods and services. The next round, hosted by the EU, is scheduled for March 31 – April 4, 2025, with the aim of finalizing the FTA by December 25, 2025.
Key Issues Under Negotiation
- Government Procurement
- Energy and Raw Materials
- State Enterprises and Subsidies
- Fair Trade and Competition
- Sustainable Food Systems
The EU as a Key Trading Partner for Thailand
- The 4th largest trading partner after China, the U.S., and Japan.
- Total trade value of $43.533 billion, accounting for 7.17% of Thailand’s total trade.
- Thai Exports to the EU: $24.205 billion, including computers and components, gems, air conditioners, rubber products, and automotive parts.
- Thai Imports from the EU: $19.328 billion, including machinery, pharmaceutical products, aircraft equipment, chemicals, and electrical machinery.
Besides FTA negotiations, the Ministry of Commerce also discussed key trade issues with Mr. David Daly, the EU Ambassador to Thailand, including Thai agricultural exports to the EU and compliance with IUU Fishing regulations.
Conclusion: Successfully concluding the Thai-EU FTA will strengthen Thailand’s economy, enhance trade opportunities, reduce costs, and attract more European investors, making it a crucial milestone to watch.