Describes trade agreements this country is a party to. Includes resources where U.S. companies can get information on how to take advantage of these agreements.
Thailand has implemented bilateral trade agreements with various countries, including Australia, Chile, China, Laos, New Zealand, Japan, Peru, and India.
Thailand is also a member of ASEAN, which was established in 1967. ASEAN is currently comprised of 10 members, including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. ASEAN implemented a number of FTAs with its trading partners, including ASEAN-Australia and New Zealand, ASEAN-China, ASEAN-India, ASEAN-Japan, and ASEAN-Korea. In addition, the Regional Comprehensive Economic Partnership (“RCEP”), which is Free Trade Agreement between 10 ASEAN countries and its six trading partners, namely, Australia, China, India, Korea, Japan, and New Zealand was signed in November 2020.
Other free trade agreements of Thailand that are still under discussion include the following:
- Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Corporation (BIMSTEC) Free Trade Area
- Thailand-United States Free Trade Agreement
- Thailand-European Free Trade Association (EFTA) Free Trade Agreement
- Thailand-European Union Free Trade Agreement
- India-Thailand Free Trade Area
- Pakistan-Thailand Free Trade Agreement
- Sri-Lanka-Thailand Free Trade Agreement
- Thailand-Turkey Free Trade Agreement
In addition, Thailand is considering joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Thailand has formed a committee to study the impact of such a trade pact.