Sri Lanka and Thailand are set to sign a Free Trade Agreement (FTA) on February 3rd, a strategic play expected to bolster bilateral trade to over US$ 1.5 billion. The signing ceremony will witness the presence of Thailand’s Prime Minister, Srettha Thavisin, on his visit to Sri Lanka.
Thailand is actively negotiating 11 free trade agreements (FTAs) in a bid to expand trade, attract investment and bolster the country’s revenue streams. Thai government also plans to hold hearings among stakeholders to ensure advantages extend to the Thai population.
Thailand and China plan to resume bilateral free trade agreement negotiations this year despite Thailand’s mounting trade deficit with China of nearly US$30 billion.
Thailand’s Prime Minister Srettha Thavisin is scheduled to travel to Sri Lanka to sign a free trade agreement (FTA) in February 2024 after the successful conclusion of the latest round of negotiations between the two countries.
Thailand is keen to improve trade and investment relations with Bangladesh, with the aim of establishing a free trade agreement (FTA) between the two countries as soon as possible.
Sri Lanka plans to conclude free trade agreement (FTA) talks with Thailand in December and sign a deal on Feb. 3, Sri Lanka's cabinet spokesperson said.
The Commerce Ministry looks set to negotiate a free trade agreement (FTA) with the European Free Trade Association (Efta) in round 7, aiming to conclude the deal by mid-2024.
Thailand is expected to finalise free trade agreements (FTAs) with the European Free Trade Association (EFTA), Sri Lanka and the United Arab Emirates (UAE) in the second and third quarters of next year.
Thailand's new prime minister is committed to transforming the country into a major foreign investment destination, including pursuing more free trade deals and expanding manufacturing of both electric and traditional autos.