March 15 (UPI) -- The European Union and Thailand announced on Wednesday they have renewed trade negotiations that could lead to a robust agreement between the alliance and Asia's second-largest economy.
The goal of the free trade agreement would be to boost trade and investment by addressing a wide range of issues, including market access for goods, services, investment and government procurement; swift and effective Sanitary and Phyto-Sanitary procedures, the bloc said in a statement.
It would also address the protection of intellectual property rights including Geographical Indications, and the removal of obstacles to digital trade and trade in energy and raw materials, thereby supporting the digital and green transitions.
"A modern, dynamic EU-Thailand [free trade agreement] would benefit both sides & strengthen/diversify EU trade ties with Indo-Pacific," EU trade chief Valdis Dombrovskis said on Twitter.
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