Thailand signs trade deal with European nations as U.S. tariff hedge

Bangkok names 29 product groups, including computers, vulnerable to Trump levies

20250122 Paetongtarn

The trade deal being signed by Thai Prime Minister Paetongtarn Shinawatra with the European Free Trade Association member nations on Jan. 23 was nearly two decades in the making. (Nikkei montage/Source photo from Reuters and EFTA)

FRANCESCA REGALADO

BANGKOK -- Thailand will sign its first trade agreement with countries from Europe, when Prime Minister Paetongtarn Shinawatra inks the pact on Thursday in Davos with Iceland, Liechtenstein, Norway and Switzerland.

Collectively known as the European Free Trade Association or EFTA, the four countries imported $1.8 billion worth of goods and services from Thailand in 2023, and exported $1.4 billion. Switzerland is Thailand's 14th largest trading partner. 

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