The Thailand-India FTA offers the rewards of almost tariff-free
trade between the two countries.
Thailand is the 2nd largest economy and the most economically
thriving countries in Southeast Asia.
With US 246.11 billion of buying power, Thailand’s 52 million strong
middle class makes it the economic anchor in the region.
Businesses based in Thailand have access to a domestic market of
69 million as well as access to the fast-growing CLMV (Cambodia,
Laos, Myanmar and Vietnam) region with 242 million consumers
and the 660 million consumers in ASEAN.
Strategically located at the heart of Asia, Thailand is the dynamic
gateway to the fast growing ASEAN economic market.
The ASEAN-India Free Trade Agreement (AIFTA) offers excellent
business scope due to the free movement of goods, services, and
capital. The AIFTA trade treaty has definitely boosted bilateral trade.
ASEAN is also a growing consumer market, expected to have to 125
million households by 2025.
