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European Union aims to resume free trade talks with Thailand

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European Union aims to resume free trade talks with Thailand

 

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FILE PHOTO: Window cleaners work on the facade of a building of the European Union Council in Brussels, Belgium, January 6, 2016. REUTERS/Francois Lenoir

 

BANGKOK (Reuters) - The European Union aims to resume negotiations with Thailand on a free trade agreement (FTA), the Council of the European Union said in a statement, after suspending trade talks following a 2014 military coup.

 

Thailand held general elections in March and a pro-army coalition of parties has formed a government, officially ending five years of military rule.

 

“The Council now considers it appropriate for the EU to take steps towards broadening its engagement with Thailand,” it said in a statement late on Monday.

 

Part of this effort includes preparations to sign a Partnership and Co-operation Agreement (PCA), which was aimed at closer economic and political ties with Thailand, and resuming trade negotiations with Southeast Asia second-largest economy.

 

“The Council also stresses the importance of taking steps towards the resumption of negotiations on an ambitious and comprehensive Free Trade Agreement,” it said.

 

Trade between the EU and Thailand is valued at about 38 billion euros ($42 billion) in 2018, according to the European Commission.

 

The EU is Thailand’s third-largest export market, with Thailand selling 22.9 billion euros worth of goods and services to it, mainly machinery and transport equipment.

 

After the military overthrew a civilian government in 2014, the EU said it would keep its relations with Thailand under review and put on hold the signing of the Partnership and Cooperation Agreement and the FTA.

 

The EU resumed political contact with Thailand in 2017.

 

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-- © Copyright Reuters 2019-10-15

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17 minutes ago, Eligius said:

E.U. aims to resume free trade talks with Thailand.

 

Shame on them. Should be NO negotiations until Thailand returns to democracy and holds HONEST elections - and imprisons its traitorous criminals for the rest of their days!

 

Too late for that - EU has already concluded similar agreements with two non-democratic ASEAN Member States: Vietnam and Singapore.

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30 minutes ago, fruitman said:

Free trade where Thailand puts 4-500% importtax on the European products....what a joke.

Well, a Free Trade Agreement would change that, wouldn’t it, After a transitional period, goods originating in the EU wouldn’t be subjected to import duties in Thailand anymore. Same same the other way round,

Edited by damascase

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Does it mean we will find here good European wine and beer without any sin tax?


Sent from my iPhone using Thaivisa Connect

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5 hours ago, CLS said:

Does it mean we will find here good European wine and beer without any sin tax?


Sent from my iPhone using Thaivisa Connect

No import duty. Maximum sin tax.

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13 hours ago, snoop1130 said:

European Union aims to resume free trade talks with Thailand

General Apirat might have some influence over that. If he has his way military rule might be just over the horizon.......again.

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16 hours ago, snoop1130 said:

Thailand held general elections in March and a pro-army coalition of parties has formed a government, officially ending five years of military rule.

.......officially EXTending five years of military rule - would be more appropriate

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14 hours ago, fruitman said:

good cheese, no <deleted>...

define good cheese?

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