The 14th Senior Officials’ Meeting between the European Union and Thailand took place in Brussels on 16 October 2019
Sasiwat Wongsinsawat, director general of the Thai foreign ministry’s department of European affairs, held talks in Brussels on Wednesday with top EU officials in charge of Asia.
“The meeting noted substantial progress made by Thailand on important matters such as fight against illegal fishing (IUU), labour issues and the prevention of human trafficking,” stated the official press release from the UE
A long but productive day in Brussels yesterday. We covered a lot of discussions on how to enhance our engagement going forward. Look forward to following up after I return to Thailand on Friday!Pirkka Tapiola, EU ambassador to Thailand
Trade between the EU and Thailand is valued at about 38 billion euros (US$42 billion) in 2018, according to the European Commission.
The EU is Thailand’s third largest export market, with 22.9 billion EUR worth of Thai goods and services being sold to the bloc, mainly machinery and transportation equipment.
Part of the effort included preparations to sign a Partnership and Co-operation Agreement (PCA), towards closer economic and political ties with Thailand and resuming trade negotiations with the Southeast Asia’s second largest economy.
Free trade talks between Thailand and the EU started in 2013 but were put on hold by the EU after the 2014 military coup that ousted the democratically elected government of Yingluck Shinawatra.
The EU decided to revive the trade talks after Thailand held a parliamentary election in March this year, and following the election of prime minister, Prayuth Chan-ocha.
Asean as a whole represents the EU’s third-largest trading partner outside Europe, after the US and China, with more than €237.3 billion (US$263.9 billion) of trade in goods in 2018, according to latest available statistics.
According to an editorial published today by the SCMP, the resumption of talks comes as Thailand seeks to diversify its economy and reduce its reliance on China, which accounted for 14 per cent of the country’s total foreign direct investment in 2018.
But the official press release from the EU mentionned other topics like human rights issues, migration and environmental matters.
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.
EU donates €350 million to fight Covid-19 in ASEAN countries
EU mobilises €350 million to assist the ASEAN region in fight against the coronavirus
As part of its plan to support partner countries around the globe, the European Union (EU) is mobilising €350 million to fight against the spread of the coronavirus and mitigate the impact of the pandemic on the ASEAN region.(more…)
Commerce Ministry to revive Thai-EU FTA talks
The EU is a big market with some 513 million population, and was Thailand’s 4th biggest trading partner last year with 47 billion U.S. dollar in trade value.
BANGKOK (NNT) – To cope with economic uncertainties and fluctuations caused by international trade issues, the government is aiming to establish Free Trade Agreements (FTAs) with other countries as a tool to promote Thai exports.(more…)
Thailand to further ease COVID-19 restrictions
The Cabinet approved to ease the level of control over the country under the COVID-19 situation including relaxing businesses and...
BoI plans more efforts to promote BCG economy
BANGKOK (NNT) – The Board of Investment (BoI) is working with related agencies to rev up promotion of the bio-,...
ASEAN, Canada, UN Women launch 5-year programme to advance Women, Peace and Security Agenda
Jakarta/Ottawa/New York, 24 February 2021 – The Association of Southeast Asian Nations (ASEAN), Canada and UN Women jointly launched today...
Covid-19 Thailand Situation Report
COVID-19 situation in Thailand On 15th February, 143 new cases of laboratory-confirmed COVID-19 were announced by the Ministry of Public...
Market for Alternative Investment (MAI) welcomes reinsurance broker “TQR”
SET News 11/2021 February 16, 2021 mai welcomes reinsurance broker “TQR” on Feb 17 BANGKOK, February 16, 2021 – The...
THAI airways to sell training center building to raise more funding
THAI airways has been hit hard by limited travel due to the COVID-19 pandemic, which comes as they were entered...
Subscribe via Email
Health3 days ago
200,000 doses of COVID-19 vaccine Distributed to 13 Thai provinces
Economics1 week ago
Thailand-China sign deal promoting Thai fruit export
Asean5 days ago
India, ASEAN Agree to Review FTA Scope, Address Uneven Market Access
Tourism6 days ago
Adjustments in Thailand’s tourism industry