Thailand and the European Union (EU) have signed 2 memorandums of understanding on tourism and SME businesses.
Bilateral relations between Thailand and the EU have been strengthened after Mr. Antonio Tajani, Vice-President of the European Commission, responsible for Industry and Entrepreneurship, signed agreements with two ministers of Thailand: Industry Minister Prasert Boonchaisuk and Tourism and Sports Minister Somsak Pureesrisak.
Under the agreements, both parties will be obligated to support each other in terms of regulations aimed at easing Thailand’s and the EU’s tourism and SME industries.
The two-way trade between Thailand and the EU last year accounted for 1.3 trillion baht, making Thailand the third largest ASEAN trade partner of the European Union, while the EU was Thailand’s second largest investment destination.
After the signing, Minister Prasert said the move was part of the government’s plan to build business networks with other countries around the world.
ASEAN and EU conclude the world’s first bloc-to-bloc Air Transport Agreement
The AE CATA is the world’s first bloc-to-bloc air transport agreement and will bolster connectivity and economic development among the 37 member states of ASEAN and the EU.
The Association of Southeast Asian Nations (ASEAN) and the European Union (EU) and its Member States have concluded the negotiations on the ASEAN-EU Comprehensive Air Transport Agreement (AE CATA) at the Extraordinary ASEAN-EU Senior Transport Officials Meeting held virtually on June 2.(more…)
ASEAN Overtakes EU to Become China’s Top Trading Partner in Q1 2020
The Association of Southeast Asian Nations (ASEAN) became China’s largest trading partner in the first three months of 2020, surpassing both the EU and the United States.
Thailand Approves Package to Attract Wealthy Foreigners and Professionals
Thailand’s Cabinet has approved an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals...
The Role of Telemedicine Today: During and Beyond the COVID-19
Lockdowns, quarantine periods, and hospitals fast filling to the brink needed the medical community to come up with solutions fast....
Malaysia, Thailand banks to join the ASEAN Banking Integration Framework
Banking institutions from Thailand and Malaysia are invited to join the ASEAN Banking Integration Framework and indicate their interest to...
Climate Change Could Force 49 Million People to Migrate in East Asia and the Pacific
Out-migration hotspots in agricultural areas of central Thailand and Myanmar coincide with areas expected to see declines in both water...
Thailand BOI Approves Measures to Support Carbon Reduction
greenhouse gas emission as well as an enhanced scheme for electric vehicles and measures to mitigate Covid-19 impacts and support...