Thailand’s Parliament has approved EFTA-Thailand Free Trade Agreement
Thailand’s Parliament has approved EFTA-Thailand Free Trade Agreement
On 17 June 2026, Suphajee Suthumpun, Deputy Prime Minister and Minister of Commerce, said a joint session of MPs and senators has approved the submission of five trade agreements aimed at strengthening Thailand’s export competitiveness, widening market access and supporting long-term economic growth, including the EFTA and Thailand FTA
The Thai-Norwegian Chamber of Commerce is delighted to hear this news. This is an important step towards strengthening economic cooperation, expanding market opportunities, and supporting sustainable long-term growth. We welcome this positive development and remain committed to supporting stronger business connections between Thailand and Norway.
EFTA deal marks Thailand’s first FTA with a European bloc
Suphajee said the Thailand-EFTA FTA represents a major milestone in Thailand’s trade strategy, as it is the country’s first free trade agreement with a European bloc.
EFTA comprises high-income markets with strong purchasing power. Under the agreement, the bloc will immediately eliminate import tariffs on a wide range of Thai products once the deal enters into force, creating new opportunities for Thai exporters in goods and services where the country has strong potential.
The Commerce Ministry expects the agreement to help Thai businesses expand into premium markets, while also encouraging higher standards in production, product quality and services.
Technology, sustainability and EU ambitions in focus
Suphajee said EFTA countries are recognised for their strengths in technology, innovation, environmental standards and sustainability. Closer trade and investment ties are expected to support technology transfer and help Thai entrepreneurs improve production processes to meet international benchmarks.
The agreement is also expected to strengthen Thailand’s readiness for deeper economic engagement with Europe, particularly as Thailand continues negotiations on a free trade agreement with the European Union. It is also seen as part of the country’s broader preparation for future OECD membership.
