EABC calls for a sustainable government to lead negotiations on EU-Thailand FTA.
Thailand’s next government should focus on implementing sustainable policies to strengthen cooperation between the European Union (EU) and Thailand, including a potential EU-Thailand Free Trade Agreement (FTA). The leader of the European Association for Business and Commerce (EABC) emphasized the importance of political stability and long-term policies for sustainable economic growth in Thailand. The EABC is hopeful that negotiations for an EU-Thailand FTA will commence in September, with discussions on the format of negotiations taking place in July. The president of EABC stated that regardless of the new government in Thailand, there is strong support for the FTA with Europe. He also emphasized the need for the government to listen to academic organizations and professionals in each industry to formulate effective long-term policies. The uncertainty in Thailand is impacting the stock market, and European businesses hope to see a quick formation of a stable government to normalize the market. The EABC also highlighted the importance of attracting foreign investment through reforms and incentives for European businesses.
