Free Trade Agreement between Thailand and Bangladesh is agreed in principle, by both side, during the 5th Joint Trade Committee (JTC) meeting between the two nations on Jan 8 2020 in Bangkok. Thailand is ready for Free Trade Agreement talks and required for FTA joint study on its’ feasibility.
Bangladesh is Thailand’s third-largest trade partner in South Asia after India and Pakistan, with annual bilateral trade worth $1.25 billion in 2018, down 4.4% from the previous year.
So far, Thailand is having a significant trade surplus, with exports to Bangladesh amounting to $1.2 billion and imports worth just $59.24 million.
Thailand exports from Bangladesh cement, plastic pellets, chemical products, textiles, steel, tapioca products, air conditioners, cosmetics, and automobiles and parts; importing a small amount of garments, scientific and medical gear, fresh and frozen aquatic animals, and machinery and parts.
Thailand’s direct investment in Bangladesh totalled $1.5 billion from 2006 to 2019, mainly in agriculture and processed agricultural industries, construction, and hotels and related services, while Bangladesh’s investment in Thailand was worth $1.12 million during the period.