Thailand expects to complete free trade talks with EU next year, PM says

THAILAND expects to complete negotiations over a free trade agreement (FTA) with the European Union in 2025, Prime Minister Srettha Thavisin said on Tuesday (Mar 12), as the government seeks to draw trade and investment to boost the economy.

Talks on the Thai-EU FTA should be completed within one-and-a-half years, Srettha said after meeting with French President Emmanuel Macron during a visit to France.

Trade talks resumed last year, after having been stalled for nearly a decade. The EU had halted negotiations in 2014 after a military coup ousted the civilian government in the South-east Asian country.

Thailand exported US$21.8 billion worth of goods to the EU last year. These goods included vehicles, computers, jewellery and electric circuits, government data showed, making the bloc its fourth-largest trading partner.

Macron would support Thailand’s request for visa exemption from members of Schengen states, Srettha said, adding that the request would be considered after June and hopefully be completed by the end of the year.

Macron will also visit Thailand next year, Srettha added.