‘Jurin’ celebrates great success, counting as one of the FTAs in Thai-EU history after more than 10 years of stagnation, prepares to enter the cabinet within 2 weeks
26 Jan. 2023 – Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce Press Conference on Bilateral Meetings with HE Mr. Valdis Dombrovskis, Vice-President of the European Commission for Economic Affairs and European Commissioner for Trade. Or the Deputy Prime Minister and Trade Minister of the European Union in the evening of 25 January 2023 local time at Le Berlaymont in Brussels. kingdom of belgium
Mr. Jurin said today is a historic day for Thailand and the European Union. There is an FTA negotiation between Thailand and the European Union. This was a successful negotiation in which the political parties of both sides came to a conclusion showing their mutual intention to start for each party. perform internal processes to lead to the preparation of an FTA between the two parties as soon as possible It was the first time that the two political parties met and expressed their intentions together. As for Thailand, imports will be discussed and moved forward to imports at the Cabinet Meeting (Cabinet) to approve the preparation of the Thai-EU FTA. Deputy Prime Minister and EU Trade Minister The results of today’s discussions will be carried out within the European Union, requesting approval from the next 27 member states, aiming to complete the internal processes as soon as possible. to officially announce the start of negotiations for the Thai FTA with the European Union Both parties aim to complete the process by the first quarter of this year. We have been trying to do an FTA with the EU for almost 10 years, but we still can’t count on one of these concretely.
Trade data between Thailand and the EU The European Union is Thailand’s fourth largest trading partner after China, the United States and Japan. Trade with the EU is about 7% of world trade. regarded as an important partner And Thailand’s exports to the EU in 2022 amounted to $ 22,794 million (843,378 million baht), an increase of 5.17%. Most of the products that Thailand exports to the EU are computers and equipment. Automobile and equipment Air conditioners and equipment rubber products Gems and jewelry, processed chicken, etc. Products imported from the EU are important, such as machinery, chemicals and medicines, etc. Currently, the EU has an FTA with 2 ASEAN countries, Vietnam and Singapore. If all processes meet the goals, Thailand will be the third country if successful. Thailand will have a trading market that gains an advantage over competitors from 27 other countries, which will be a handicap for Thailand in the future. is money making Building the future of the country
“Intention to offer Cabinet within the next two weeks. because the EU speeds up the internal processes for approval from 27 countries to finish quickly as well The head of the Thai side is the Department of International Trade Negotiations, with the Director-General of the Department of International Trade Negotiations being a pair of negotiations with the Department of Trade Negotiations of the EU and other related agencies, ”said Jurin.
