Thailand is actively pursuing an ambitious free trade agreement (FTA) strategy to expand its trade and investment opportunities with various partners worldwide. Currently, Thailand has 13 FTAs with 18 economies, including China, Japan, India, Australia, and the European Free Trade Association (EFTA). They are also in negotiations for more FTAs with the European Union (EU), Pakistan, Turkey, and Sri Lanka. Additionally, Thailand is a member of the Regional Comprehensive Economic Partnership (RCEP), the world’s largest FTA, covering 15 countries and 30% of global GDP and trade. These efforts have allowed Thailand to sign FTAs with countries and regions, covering approximately 60% of its total trade value.
Source link : Thailand’s FTA strategy to open up new markets by Akanksha Singh
