Thailand is a member of the Association of Southeast Asian Nations (ASEAN), which was established in 1967. ASEAN has 10 members: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Timor-Leste is scheduled to join ASEAN in October 2025 as the 11th member. All members of ASEAN are part of the ASEAN Free Trade Area. Additionally, Thailand has 16 Free Trade Agreements (FTAs) with 23 countries and regions:
- ASEAN Economic Community (AEC)
- ASEAN-China FTA
- ASEAN-India FTA
- ASEAN-Japan FTA
- ASEAN-South Korea and the Thai-South Korea economic partnership agreement (EPA)
- ASEAN-Australia-New Zealand FTA
- ASEAN-Hong Kong FTA
- Thailand-Australia FTA
- Thailand-New Zealand
- Thailand-Japan FTA
- Thailand-Peru FTA
- Thailand-Chile FTA
- Thailand-India Early Harvest Scheme
- The Regional Comprehensive Economic Partnership (RCEP) – a trade agreement between the ASEAN and Australia, China, Japan, New Zealand, and South Korea
- Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Corporation (BIMSTEC) Free Trade Area
- Thailand-Sri-Lanka FTA
- Thailand—European Free Trade Association (EFTA) consisting of Iceland, Liechtenstein, Norway, and Switzerland.
Thailand is currently negotiating the following FTAs:
- Thailand-European Union FTA
- Thailand-Pakistan FTA
- Thailand-Turkey FTA
- ASEAN-Canada FTA
- Thailand-Bangladesh FTA
- Thailand-United Arab Emirates (UAE) FTA
Thailand aims to conclude both the Thailand-EU and Thailand-South Korea FTAs by year-end 2025. The ASEAN-Canada FTA is on track for completion by 2026.
In addition, Thailand is updating its FTA with Peru to include trade in services and additional goods, with the goal of finalizing revisions by August 2025. The country also plans to hold ministerial-level Joint Trade Committee meetings to deepen trade ties with key partners. These efforts underscore Thailand’s commitment to boosting business competitiveness.