Thailand expands FTAs to boost global competitiveness
Thailand is intensifying efforts to expand its free trade agreements (FTAs) as a core strategy to boost economic growth and enhance its competitiveness in global markets.
Thai Deputy Minister of Commerce Suchart Chomklin. Photo courtsy of the Vietnam News Agency.
Deputy Minister of Commerce Suchart Chomklin has highlighted ongoing progress in negotiations with major trading partners to ensure these agreements deliver benefits across key sectors, including agriculture, industry, and services.
According to Suchart, the Department of Trade Negotiations has been tasked with maintaining regular engagement with stakeholders to align these agreements with national economic priorities.
Key updates include the Thailand-Sri Lanka FTA, signed in February 2024 and set to take effect in March 2025. Negotiations with the European Free Trade Association (EFTA) were completed in late 2024, while talks with Bhutan, South Korea, the European Union (EU), and ASEAN-Canada are advancing.
The government is also exploring new FTAs with countries in Africa and South America to expand opportunities for Thai exports in emerging markets.
To support businesses and the public in leveraging FTAs, the Ministry of Commerce provides comprehensive resources, including the “FTA Choice” mobile application, the Department of Trade Negotiations website (www.dtn.go.th), and the FTA Center located at its headquarters. Additional support is available through the Call Center at 02-507-7555.
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