The Department of International Trade Negotiation has set a 5-year target for FTA partners to cover 80% of world trade.

Mrs. Oramon Sapthaweetham Director-General of the Department of International Trade Negotiations Revealed the vision on the occasion of the 80th anniversary that the vision has been set for the next 5 years (2522-2027) with the aim of pushing forward the negotiations on the Free Trade Agreement (FTA) with partner countries to cover 80% of Thailand’s trade with the world

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At present, the proportion of FTAs ​​with trading partners is 64% compared to ASEAN, such as Singapore, where FTAs ​​are made with countries around the world as high as 96%, Vietnam 73%, Indonesia 67% and the Philippines 71%. Do more FTAs ​​with partners to facilitate trade in goods service and investment For Thai entrepreneurs this year to negotiate a pending FTA, for example, Thailand-Turkey, Thailand-Pakistan, Thailand-Sri Lanka, with Thailand-Turkey will conclude the negotiations within this year.

And will accelerate the opening of new FTA negotiations, namely Thailand-European Free Trade Association (EFTA) and Thailand-European Union (EU), which the Thai-EFTA FTA and the FTA upgrade in the ASEAN framework with dialogue partners include China, India, South Korea, Australia and New Zealand. It is in the process of proposing a negotiating framework to the International Economic Policy Committee (NOE) and to the Cabinet (Cabinet) for consideration, including a plan to study for an FTA with countries proposed by the private sector, such as the Middle East, Africa and Latin America.

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