Thailand joins hands with Liechtenstein to push for a free trade agreement and double taxation relief
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The Thai government and Liechtenstein have held discussions to elevate economic relations, focusing on pushing for a free trade agreement between Thailand and the European Free Trade Association (EFTA) to create greater trade and investment opportunities between the two sides.
This cooperation primarily aims to facilitate business, with both parties negotiating the elimination of double taxation. This ensures that entrepreneurs do not have to pay taxes on the same income in both Thailand and Liechtenstein, which will help reduce costs and create incentives for investors from both countries.
Beyond tax reduction, the negotiations also cover expanding cooperation in various areas to support long-term economic growth. This agreement is considered a significant step that will help Thai goods and services enter the European market more easily, while also attracting more foreign technology and investment into Thailand.
The agreement is part of the Thai government's policy to expand trade opportunities with countries that have high economic potential worldwide, in order to build stability and increase Thailand's competitiveness on the global stage.
Sources: ประชาชาติธุรกิจ
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