January 23, 2025|
AI
|11 months agoSwitzerland Signs Historic Trade Agreement with Thailand at WEF
EFTA member Switzerland finalizes comprehensive free trade agreement with Thailand, expanding Swiss economic reach in Southeast Asia amid global trade shifts.
AI
Generated IllustrationKey Takeaways
AI
- Switzerland signed a free trade agreement with Thailand as part of EFTA
- Negotiations were launched in June 2022 in Iceland
- Ten rounds of negotiations were held across Bangkok, Geneva and Oslo
- This is Thailand's first free trade agreement with a European country
By The Numbers
âŹ3.2 billion
Merchandise trade volume between EFTA and Thailand in 2023
37
Total number of Swiss free trade agreements after Thailand and Kosovo deals
They Said
"This is a major success for Swiss foreign economic policy"
"This is the first free trade agreement with a European country"
1
Historic Trade Deal Sealed at Davos
2
Agreement Details and Scope
3
Economic Impact and Trade Relations
4
Diplomatic Significance
5