During the round, the Parties deepened their mutual comprehension of each other's concerns and interests, with the EFTA side taking note of the concerns raised by Thai civil society.
According to the World Trade Atlas, trade between the parties totalled around 1.5 bill USD in 2004. An FTA is expected to be highly beneficial to both parties, which have few goods that are in direct competition. Thai officials estimate that an FTA with EFTA will result in a 15 percent boost in bilateral trade.
The third round of negotiations is scheduled to take place in Geneva between 3 and 7 April 2006.
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