Thailand’s Prime Minister, Paetongtarn Shinawatra, has urged European businesses to invest in the country’s clean energy and digital sectors while emphasizing the need to finalize a Thailand-EU Free Trade Agreement (FTA) within this year.
According to Nation Thailand, the Prime Minister recently met with representatives from the EU-ASEAN Business Council (EU-ABC) and the European Association for Business and Commerce (EABC), where she outlined her administration’s economic strategy. The plan includes immediate growth drivers such as tourism and trade, alongside long-term efforts to enhance Thailand’s competitiveness and investment environment.
The government has positioned the recently signed FTA with the European Free Trade Association (EFTA) as a stepping stone towards a broader trade agreement with the European Union. This move aims to strengthen Thailand’s supply chain resilience and maintain its global competitiveness.
EU-ABC vice-chairman Noel Clehane expressed confidence in Thailand’s economic outlook, noting the country’s progress in sustainability and its post-pandemic recovery. EABC representatives also indicated their willingness to collaborate on Thailand’s economic transformation, particularly in areas such as digital transition, healthcare, financial services, and tourism.
The Thai government is pushing to secure stronger trade ties with Europe, aiming to attract more foreign investment and foster sustainable economic growth.
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