Thailand and Switzerland push trade pact implementation and carbon-credit plan
KliK Foundation is expected to purchase around US$120 million in carbon credits, but the proposal needs approval from the Thai and Swiss governments.
Faster implementation of Thailand’s trade pact with the European Free Trade Association (EFTA) was agreed at talks between Thai Prime Minister Anutin Charnvirakul and Swiss President Guy Parmelin in Bangkok on October 15. The leaders also discussed a proposed carbon-credit purchase valued at around US$120 million.
Parmelin’s official visit coincided with the IMF-World Bank Annual Meetings 2026. It was the first official trip to Thailand by a Swiss president in 22 years, as the countries prepare to commemorate 95 years of diplomatic ties.
Both governments want to bring the EFTA pact into effect quickly, aiming to create more opportunities for trade and investment and make businesses more competitive. Switzerland held the top position among Thailand’s European trading partners in 2025 and through the first nine months of 2026. Thailand is seeking Swiss investment in advanced technology and high-value industries, alongside stronger supply-chain and technology-transfer cooperation.
The anticipated carbon-credit buyer is Switzerland’s KliK Foundation. The credits would come from bilateral climate cooperation, and the purchase requires each government’s approval. Existing collaboration under Article 6 of the Paris Agreement includes Bangkok’s e-bus programme, through which more than 2,000 electric buses have been introduced. The proposed funding could back additional climate projects.
The discussions also covered research partnerships linking businesses, universities and research institutions, commercial uses for new technology, and vocational training. On security, Parmelin acknowledged Thailand’s work against transnational crime and noted Swiss citizens’ exposure to online criminal networks. He invited Anutin to continue talks at a future meeting in Davos.
