Thailand to wrap up domestic consultations on FTA with EU
The Commerce Ministry is preparing to wrap up consultations with relevant agencies and organisations across the country on a proposal to resume free-trade talks with the European Union.
Bangkok (VNA) - The Commerce Ministry is preparing to wrap upconsultations with relevant agencies and organisations across the country on aproposal to resume free-trade talks with the European Union.
A summary of opinions would be submitted to a committee on internationaleconomic policy chaired by Deputy Prime Minister Somkid Jatusripitak, TheNation quoted Auramon Supthaweethum, Director-General of the Department ofTrade Negotiations, as saying.
Auramon said many parties support the resumption of trade talks, but concernswere expressed over the possible influx into Thailand of products such as wineand liquor on a zero-percent tariff if a trade pact were ultimately to besigned.
Some parties were worried that access to cheaper wine and liquor would have anadverse impact on public health.
Trade negotiations between the EU and Thailand have been halted since 2014.
According to the European Commission, two-way trade between the EU and Thailandneared 38 billion EUR (42 billion USD) last year.
The EU is Thailand's third largest export market, with 22.9 billion EUR worthof Thai goods and services being sold to the bloc, mainly machinery andtransportation equipment./.
The Government of Thailand has ordered the Ministry of Commerce and related state agencies to fast-track preparations for talks on a free trade agreement with the European Union after the bloc agreed to resume political contact with Thailand.
Even though the EU has lifted the ’yellow card’ issued as a warning to Thailand over IUU fishing, the Thai government remains committed to the cause and has proposed the idea of establishing an ASEAN IUU Task Force to address the issue regionally.
The European Union is ready to resume long-delayed free trade agreement (FTA) negotiations with Thailand, EU Ambassador to Thailand Pirkka Tapiola has affirmed.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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Illustrative photo (Photo: //www.nationthailand.com/) 
