Thailand and Sri Lanka Accelerate Free Trade Agreement Implementation
Thailand and Sri Lanka aim to expedite the implementation of the Thailand-Sri Lanka Free Trade Agreement (FTA), signed on 3 February 2024. During discussions in Colombo in March 2025, Thai Deputy Minister of Commerce Suchat Chomklin underscored Thailand’s proactive FTA strategy, while representatives from the Ceylon Chamber of Commerce expressed optimism that the FTA would lower trade barriers and benefit key exports.
Bhutan and Thailand Sign Landmark Free Trade Agreement to Boost Bilateral Trade
The Governments of Bhutan and Thailand have signed a landmark Free Trade Agreement (FTA) that aims to deepen economic ties and expand export markets. The agreement aims to significantly boost bilateral trade, targeting a trade volume of $120 million. The FTA will help boost Bhutan’s access to the Thai market.
BIMSTEC a Vital Bridge between South Asia and Southeast Asia -India PM
"BIMSTEC serves as a vital bridge between South and Southeast Asia, and is emerging as a powerful platform for advancing regional connectivity, cooperation, and shared prosperity," said India Prime Minister Narendra Modi during his speech at the BIMSTEC Summit held in Bangkok, Thailand.
South Asia GDP is estimated at 6.0% in FY2025
Gross domestic product in South Asia, still the fastest growing subregion, is estimated at 6.0% in FY2025 and 6.2% in FY2026. Inflation is projected to decline to 4.9% in fiscal year 2025 and to 4.5% in fiscal year 2026.
ADB Loan to Enhance India's Logistics Sector
The SMILE program is lending initiative to boost India’s manufacturing sector and supply chain resilience through a policy framework enhancing logistics efficiency. Subprogram 2 extends implementation of policies across central, state, and local governments while scaling reforms to more agencies, states, and municipalities.
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02 DecTrade Facilitation |
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