Thailand successfully negotiates trade deal with EFTA

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

After more than 20 years of trying, the Commerce Ministry finally succeeded in negotiating a free trade pact with the European Free Trade Association (EFTA).

Thailand successfully negotiates trade deal with EFTA

EFTA, an intergovernmental organisation of Iceland, Liechtenstein, Norway and Switzerland, was set up in 1960 for the promotion of free trade and economic integration between members.

Commerce Minister Jurin Laksanawisit met foreign and trade ministers from the four countries for lunch on Monday at a restaurant in the Icelandic town of Borgarnes.

“Senior EFTA executives have been invited to an official meeting in Thailand from June 28-30 to further discuss free trade agreements as well as future socio-economic development projects between Thailand and EFTA members,” Jurin said. “We expect the free trade negotiations to be completed within two years.”

Thailand’s trade volume with EFTA in 2021 came in at US$7.5 billion and the Commerce Ministry expects this number to more than double once the FTA goes into effect. The pact will reduce tariffs, promote multilateral trade cooperation and establish e-commerce platforms to facilitate international trade among contract parties.

Jurin and commerce delegates have been in Iceland since Sunday to promote Thai products.

Published : June 21, 2022


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s