Thailand and Canada are accelerating negotiations for a bilateral Free Trade Agreement, aiming to finalise the deal by 2026. This would be Thailand’s first trade pact with a North American country, opening a significant new market and strengthening regional supply-chain links.
The proposed FTA is designed to reduce tariffs, ease non-tariff barriers, boost investment, and support cooperation in key sectors. Thailand hopes to expand exports of agricultural and processed food products, while Canada brings strengths in clean energy, digital technology, biotechnology, EV manufacturing, AI, and quantum computing.
Both countries recognise the need to deepen economic ties amid global geopolitical uncertainty and climate-related challenges. Despite both being major agricultural producers, their export profiles complement each other, creating opportunities for joint food-industry ventures targeting third markets.
The partnership also aligns with the broader ASEAN–Canada Free Trade Agreement, which both sides hope to conclude by 2026.
Trade momentum is already strong: bilateral trade reached USD 3.22 billion in 2024, with Thai exports rising more than 12 percent. In 2025, Thailand continued to maintain a trade surplus exceeding USD 1 billion. Major Thai exports include processed seafood, steel, computers, and rice, while Canada’s exports include electrical circuits, plant products, and machinery.
EN
CN
DE
JP
TH
