Following the official launch of negotiations on a free trade agreement (FTA) between the EU and the Kingdom of Thailand in March 2013, Thai officials and EU negotiators are meeting this week (16-20 September) in Chiang Mai, Thailand, to hold a second round of negotiations for a trade deal that both sides intend to reach in just 18 months. “The Thai government has made many promises to ratify ILO conventions and implement the necessary labour law reforms, but it has not done so. In the absence of reforms, no further trade advantage should be granted.” In some circumstances, trade negotiations with a trading partner have been concluded, but they have not yet been signed or ratified. This means that the negotiations are over, but no part of the agreement is yet in force. However, the recent events of September and October 2020 to combat peaceful protesters in Bangkok have raised other concerns that the EU must seriously consider, according to a group of 45 organisations made up of NGOs, trade unions, businesses and multi-stakeholder initiatives. Act Up-Paris, Oxfam International, Health Action International and Action against AIDS Germany strongly supports Thai civil society. When negotiating this trade agreement, EU leaders should take into account the importance of access to cheap and quality generic medicines for patients in Thailand. Since 2002, Thailand has established a universal health care system that covers 99% of the population. The production and availability of affordable, high-quality generic medicines is a key element in maintaining this universal coverage. Today`s forum will advise us whether Thailand is ready to reactivate negotiations for a free trade agreement. The data indicates that reducing tariffs through a free trade agreement between Thailand and the EU would increase bilateral trade by 3.4% for both partners, resulting in a 1.6% increase in Thai GDP.

With exports, the largest being industrial goods down 23 percent from a year earlier, and a budget deficit of $15 billion, Prime Minister Prayuth Chan-o-cha, backed by the military, needs a trade victory to bolster support for Thailand`s economic sector. So think it`s likely that the two sides will quickly sign an agreement, expanding Brussels` portfolio of bilateral trade agreements in Southeast Asia. These efforts include preparations for the signing of a Partnership and Cooperation Agreement (PCA) to strengthen economic and political ties with Thailand and the resumption of trade negotiations with Southeast Asia`s second-largest economy. “As long as we have consulted with the Thai private sector, everyone agrees that Thailand should restart free trade negotiations with the EU,” Auramon said. “Without the pact with the Bloc, Thailand will lose a lot of advantage in the competitiveness of trade to other exporting countries.” The EU also reaffirmed its willingness to resume talks on a free trade agreement between Thailand and the EU as soon as possible. The relevant agencies will discuss the details at a meeting of a Trade and Investment Committee in December. Fact sheets, Vietnamese trade in your city, texts of agreements, stories of exporters BANGKOK (Reuters) – The European Union wants to resume negotiations with Thailand for a free trade agreement (FTA), the Council of the European Union said in a statement after suspending trade talks after a 2014 military coup. . .