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Vietnam’s EU deals imperil Thai trade

Vietnam’s EU deals imperil Thai trade


Thai exports of cars, computers and electric circuits are at risk from Vietnam’s trade and investment deals with the EU, says the Trade Policy and Strategy Office.

Thailand has no free trade agreement with the EU, which cut the Generalized System of Preferences for Thailand in 2015, so all Thai export products are subject to EU tariffs.

The European Union-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement were signed on June 30 in Hanoi with an effective period in 2019.