Thailand and the European Union (EU) have agreed to resume negotiations on a free trade agreement (FTA) seven years after the collapse of negotiations in 2014 after a military coup in Thailand.
If both parties conclude an agreement, it marks the EU’s third FTA with ASEAN member states, following the agreement with. Singapore When Vietnam..
FTAs will facilitate EU access to trade and investment in Southeast Asia’s second-largest economy, and Thai exporters will benefit from lower tariffs. Still, while FTA momentum is recovering, the EU and Thai governments need to resolve some open issues in order to reach an agreement.
Many EU companies have Southeast Asian production in Thailand. This is because it is located in that region and is the second largest economy in ASEAN after Indonesia. Establishing an FTA will ease trade and investment barriers for EU companies and make Thailand…
