Thailand, EU Target Free Trade Deal Conclusion by 2026
Foreign Minister Sihasak Phuangketkeow stated the agreement could be finalised by December 2026, following his recent diplomatic tour across Europe to gather support.
FTA Negotiations Advance
Thailand and the European Union are working towards finalising a free trade agreement (FTA) by the close of 2026. Foreign Minister Sihasak Phuangketkeow indicated that a deal could be reached before December, citing recent "political momentum".
This agreement aims to deepen economic ties between the Southeast Asian nation and the 27-member bloc, potentially reshaping trade and investment landscapes.
European Diplomatic Push
Mr. Sihasak recently concluded official visits to Portugal, Spain, and Italy in October 2026. During these trips, he sought to strengthen bilateral relations and secure support among EU member states for the ongoing FTA negotiations.
In Portugal, he met with Foreign Affairs Minister Paulo Rangel, where they signed an accord to waive visa requirements for diplomatic and official passport holders. This measure intends to facilitate travel and exchanges.
Economic Connectivity and Investment
The Thai Foreign Minister also highlighted Portugal's strong capabilities in clean energy. This sector is of increasing importance for Thailand as it develops new industries, including data centres. Mr. Sihasak noted that Portuguese officials were impressed by the global presence of Thai companies in sectors such as energy and food.
His European tour also aimed to underscore Thailand's role within ASEAN in promoting regional economic integration and peace.
The Business Context
Concluding this FTA would reduce tariffs and non-tariff barriers, potentially boosting trade and investment flows between Thailand and the EU. Businesses in sectors like energy, food, and emerging digital industries could see altered supply chains and new market access.
Vice Foreign Minister Sarun Charoensuwan previously stated that facilitating Schengen visas for Thai passport holders would also enhance tourism and trade, complementing the broader FTA efforts.
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