EU FTA could deliver Thai GDP boost

A free trade agreement (FTA) with the EU is likely to stimulate not only exports but imports and investment as well, helping to raise Thailand’s GDP by 1.63% a year, says a joint study by the Trade Negotiations Department and the Institute of Future Studies for Development (IFD).

Auramon Supthaweethum, director-general of the Trade Negotiations Department, said the joint study found that a Thai-EU FTA is expected to help raise exports by 3.43%, imports by 3.42% and investment by 2.74% a year.

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Phusadee Arunmas