Thailand wants to increase free trade agreements (FTAs) to cover 80% of its global trade, spanning more than 50 countries, by 2027.
Auramon Supthaweethum, director-general of the Trade Negotiations Department, said it is planning to develop a number of new FTAs with several countries that should improve the competitiveness of exports and create trade and investment opportunities for Thai entrepreneurs.
The department is studying the feasibility of trade negotiations with countries and blocs such as Israel, Bhutan, South Korea, the Pacific Alliance (Chile, Peru, Mexico and Colombia), and the Southern African Customs Union, which comprises Botswana, Eswatini, Lesotho, Namibia and South Africa.
The department is also exploring the possibility of an FTA with the Gulf Cooperation Council (GCC).
The GCC is a regional, intergovernmental, political and economic union…
