Thailand aims to finalize a Free Trade Agreement (FTA) with the European Union (EU) by the end of this year to strengthen economic stability amid risks of U.S. tariffs.
Key Points:
- Negotiations between Thailand and the EU resumed in 2023 after being suspended following the 2014 coup.
- The EU is Thailand’s fourth-largest trading partner.
- The FTA is expected to boost Thailand’s economic resilience and enhance global competitiveness.
- Exports account for approximately 60% of Thailand’s GDP.
Additionally, Thai business groups have urged the prime minister to negotiate with the U.S. and consider lowering tariffs on U.S. imports to mitigate potential trade risks. Thailand’s push to finalize the FTA with the EU reflects its efforts to strengthen economic security and reduce dependence on uncertain U.S. trade policies.
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March 27, 2025
