Press conference on Thailand-EU FTA: Partnership for Growth Total clippings: 12 (2 TV, 5 print, and 5 online) Key messages covered
Roft-Dieter Daniel, president of the European ASEAN Business Center, the quasi European Chamber of Commerce, announced the strong support for the Thailand - EU Free Trade Agreement (FTA) process.
The benefits of the FTA include both direct economic gains as well as a range of significant social and developmental benefits that will help create a virtuous cycle of growth that in turn will advance Thailand to a higher level of national prosperity. The EABC encouraged both parties in the negotiations to move forward without delay in order to maximize Thailand’s potential benefits from a finalized agreement.
The agreement will help Thailand to export to EU at 6.7% more or, 950 million EUR in a year. Additional Thai GDP growth could reach 0.56%. The FTA reduces barriers to increased EU investment in Thailand service sector, which is a critical requirement for the country to advance to the next level of economic development.
Bangkok Post, May 16, 2013 ‘THAILAND URGED TO WRAP UP EU FTA OR RISK FALLING BEHIND’ http://www.bangkokpost.com/business/news/35 0267/thailand-urged-to-wrap-up-eu-fta-or-riskfalling-behind