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Thursday, May 2, 2024

Thai-UAE free trade agreement 80% finalised, may boost Thai GDP

Photo: Nutthawat Wichieanbut/ Bangkok Post.

Progress is being made in the bilateral free trade agreement (FTA) negotiations between Thailand and the United Arab Emirates (UAE), with discussions now reportedly 80% finalised. This update comes from Thailand’s Commerce Minister, Phumtham Wechayachai, who recently held talks with the UAE’s Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi.

Phumtham revealed agreements have been made in several sectors, including food, air conditioners, auto parts, and certain agricultural products.

“The negotiations are about 80% complete and our objective is to conclude the talks by the end of this year.”

The fourth round of Thai-UAE FTA negotiations was hosted by Thailand from September 26 to September 28. The government aims to expedite these negotiations to foster international trade cooperation.

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