Thailand and European Community start talks on bilateral Trade Agreement

In a meeting between the President of the European Commission Jose Manuel Barroso and Yingluck Shinawatra, Thailand’s Prime Minister, on the 5th of March 2013 in Brusseles, both sides started talks on a free-trade agreement.

Merchandises worth 18 billion Euro were imported 2011 from Thailand into Europe, and the export from Europe to Thailand was of 12 billion Euros.

The EU (European Union) is working on bilateral agreements also with south Korea, Singapore and Japan. Thailand is a strategical access country for the European export industries onto Asian markets. "Thailand is a central player in the ASEAN-region", Barroso said. "The EU has a great interest to a closer cooperation".

The original intention of the European Union was a trade agreement with all the ASEAN states, but it failed in 2009. Since then the focus is on bilateral agreements.

Read the whole article on Thailand’s economy
Read the whole article on Thailand

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