'Major progress' in FTA talksListen to this articleCommerce Minister Suphajee SuthumpunThailand and Peru have made "significant progress" in negotiations to upgrade their bilateral free trade agreement (FTA), with both sides agreeing on major elements covering wider market access and deeper economic cooperation, Commerce Minister Suphajee Suthumpun says. The Department of Trade Negotiations said talks to modernise the existing FTA, which have been ongoing for years, have now reached a substantial conclusion on core issues, Ms Suphajee said. Negotiations to upgrade the FTA had stalled for more than a decade before being revived in the middle of this year. Peru, Ms Suphajee said, is an economy in South America with strong potential. Bilateral trade totalled US$464.04 million (14.5 billion baht), with Thailand recording a trade surplus of $239.96 million.

Source: Bangkok Post December 22, 2025 00:39 UTC