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Thailand

Thailand

Negotiations for an EU-Thailand Free Trade Agreement (FTA) were launched in March 2013. The negotiations aimed to conclude a comprehensive Free Trade Agreement.

 

 

 

This included topics such as:  

  • tariffs and non-tariff barriers (e.g. – import quotas)
  • services, investment and procurement
  • intellectual property
  • regulatory issues
  • competition
  • sustainable development

Since the military takeover in Thailand in May 2014 no further FTA rounds have been scheduled.

Trade picture

  • In 2015, total bilateral trade between the EU and Thailand amounted to €32.9 billion.
  • The EU is Thailand’s third trade partner after China and Japan. Thailand is the EU's third-largest trading partner in the Association of Southeast Asian Nations (ASEAN).
  • Thailand exported goods worth €19.6 billion to the EU in 2015. Key exports from Thailand are machinery and electronics and transport equipment, miscellaneous manufactured articles, as well as food products.
  • The EU exported goods worth €13.4 billion to Thailand in 2015. Key EU exports to Thailand are machinery and transport equipment, chemicals and related products, and manufactured goods.  
  • Thailand is one of the most important destinations of European investments within ASEAN. The EU is the second-largest investor in Thailand after Japan. 

EU-Thailand "trade in goods" statistics

Trade in goods 2013-2015, € billions
Year EU imports EU exports Balance
2013 17.0 15.0 -2.0
2014 18.5 12.4 -6.1
2015 19.6 13.4 -6.2

EU-Thailand "trade in services" statistics

Trade in services 2012-2014, € billions
Year EU imports EU exports Balance
2012 5.6 2.9 -2.7
2013 6.0 3.4 -2.6
2014 5.8 3.2 -2.5

Foreign direct investment

Foreign direct investment 2014, € billions
Year Inward stocks Outward stocks Balance
2014 0.5 19.2 18.8

Date of retrieval: 14/04/2016

More statistics on Thailand

The EU and Thailand

Thailand and the EU have negotiated and finalised in November 2013 a Partnership and Cooperation Agreement (PCA), which provides a comprehensive framework for EU-Thailand relations and will open up wide opportunities to develop cooperation. The EU and its Member States will not sign the PCA with until a democratically elected government is in place in Thailand.

Thailand and ASEAN

Thailand is one of the ten members of the Association of Southeast Asian Nations (ASEAN). The group is the third-largest trading partner of the EU outside Europe, after the United States and China. The ASEAN region is a dynamic market with some 580 million consumers.

The EU works closely with Thailand in the context of ASEAN, through the EU-ASEAN Trade and Investment Work Programme to ensure an effective environment for trade and investment relations. Discussions on trade and investment issues with ASEAN take place at a ministerial and senior economic officials' level.

More information on ASEAN

Trading with Thailand