Thailand is pursuing an ambitious free trade agreement (FTA) strategy to expand its trade and investment opportunities with various partners around the world. The country has already signed 13 FTAs with 18 economies, including China, Japan, India, Australia, and the European Free Trade Association (EFTA).
Thailand is currently negotiating several more FTAs with potential partners such as the European Union (EU), Pakistan, Turkey, and Sri Lanka.
The country is also a member of the Regional Comprehensive Economic Partnership (RCEP), which was signed in November 2020 and has come into force in 2022. The RCEP is the world’s largest FTA, covering 15 countries and 30% of global GDP and trade.
Read the rest of Thailand’s FTA strategy to open up new markets on Thailand Business News