BANGKOK, 2nd August 2019 (NNT) Thailand and the European Union are ready to sign a draft Strategic Partnership and Cooperation Agreement to promote bilateral trade and investment in the future.
Federica Mogherini, a high-level EU Representative for Foreign Affairs and Security Policy, and vice chairwoman of the European Commission, met today with Prime Minister/Defense Minister Gen Prayut Chan-o-cha during her visit to Thailand to attend the ASEAN Plus Foreign Ministers Meeting and ASEAN Foreign Ministers Meeting, on Regional Political Security Cooperation in Asia-Pacific.
The Thai premier called on the EU to have confidence in Thailand’s political situation in which democratic rule is being promoted.
He was delighted at the strengthening of relationships between Thailand and the EU, thus providing the opportunity for gradual expansion in bilateral cooperation in various regards and continuation of policies toward mutual interests.
The EU representative expressed her congratulations on Thailand’s general election and believed it would lead to political development. Thailand and the EU have fostered cordial relationships in trade, investment, tourism and culture.
FTA negotiations between Thailand and the EU
Both sides have endorsed the resumption of FTA negotiations between Thailand and the EU and between ASEAN and the EU. In addition, the Strategic Partnership and Cooperation Agreement is designed to promote bilateral trade and investment.
The draft agreement might be slightly amended since the EU has recognized Thailand’s economic preparedness and potential while investment projects by European investors have been supported in Thailand.
Global fashion e-tailer Shein launches new hub in Singapore
How Businesses in Singapore can Reduce Overhead Costs During the Pandemic
The government is expected to draw on S$53.7 billion (US$40 billion) from its reserves for this year and an additional S24 billion (US$17.8 billion) over the next three years to assist local companies transition into a post-pandemic business environment.
Subscribe via Email
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...
Thailand’s Vaccine Strategy: What went wrong?
Questions are being asked, and not answered, over the decision to rely almost entirely on Siam Bioscience, a local, palace-owned...