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The EU's trade relations with Thailand are growing. Thailand is – just after Malaysia – the EU's third largest trading partner in the Association of Southeast Asian Nations (ASEAN).

Negotiations for an EU-Thailand Free Trade Agreement were formally launched on 6 March 2013. This marked an important step in EU-Thai relations, already strengthened by a political deal in February 2013 on a Partnership and Cooperation Agreement. The ambition is to conclude a comprehensive Free Trade Agreement, covering tariffs, non-tariff barriers and other trade related issues, such as services, investment, procurement, intellectual property, regulatory issues, competition, and sustainable development.

Trade picture

  • As one of the most economically advanced ASEAN economies, Thailand is an attractive market for EU businesses in a variety of sectors.
  • Thailand is one of the most important destinations of European investments within ASEAN.

EU-Thailand "trade in goods" statistics

Trade in goods 2012-2014, € billions
Year EU imports EU exports Balance
2012 17.0 14.8 -2.1
2013 17.0 15.0 -2.0
2014 18.5 12.4 -6.1

EU-Thailand "trade in services" statistics

Trade in services 2011-2013, € billions
Year EU imports EU exports Balance
2011 4.9 2.6 -2.2
2012 5.6 2.9 -2.6
2013 5.9 3.5 -2.5

Foreign direct investment

Foreign direct investment 2013, € billions
Year Inward stocks Outward stocks Balance
2013 0.7 10.4 9.7

More statistics on Thailand

EU and Thailand

The EU works closely with Thailand under the framework of the EU-ASEAN Cooperation Agreement to ensure an effective environment for trade and investment relations. 

A new Partnership and Cooperation Agreement – concluded in February 2013 – will extend the areas of cooperation between the EU and Thailand.

Thailand enjoys trade preferences with the EU under the Generalised Scheme of Preferences.

Thailand and ASEAN

Thailand is one of the 10 members of the Association of Southeast Asian Nations (ASEAN). The countries as a group are the EU's third largest trading partners outside Europe, after the United States and China.

The ASEAN region is a dynamic market with some 580 million consumers.

More information on ASEAN

Trading with Thailand