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EFTA & Thailand expects negotiation on a comprehensive FTA

30
May '05
european free trade association (efta) & thailand is going to discuss about fta.

in a meeting this week, thailand and the efta countries (iceland, liechtenstein, norway and switzerland) prepared for upcoming negotiations on a comprehensive free trade agreement (fta) that is expected to be concluded in 2006.

total trade in goods between the parties totalled around 1.5 bill usd in 2004. an fta is expected to be highly beneficial to both sides as they have complementary trade interests. thai officials have expressed the hope that an fta will result in a 15 percent boost per year in bilateral trade.

negotiations will include the elimination of tariffs on industrial goods including fish, the opening up of markets for agricultural goods and will cover the services sector, investment, public procurement and intellectual property rights as well.

the first two rounds of negotiations will take place in thailand in mid-september and in geneva in november respectively.

european free trade association (efta) is an intergovernmental organisation promoting free trade and strengthening economic relations. efta's member states are iceland, liechtenstein, norway and switzerland. the efta secretariat supports the member states in managing the efta free trade area, the efta participation in the european economic area (eea) and efta's network of free trade agreements.

the efta secretariat is headquartered in geneva, with an office in brussels, and a statistical office in luxembourg.
sels, and a statistical office in luxembourg.

efta has established an extensive network of free trade agreements in order to safeguard the economic interests of the efta states; support and reinforce the process of european and interregional integration; and to contribute to worldwide efforts in liberalising trade.

European Free Trade Association


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