The National Assembly, during its meeting on 29 August 2024, approved the Framework Agreement on Comprehensive Partnership and Cooperation between the European Union (EU) and its Member States, of the one part, and the Kingdom of Thailand, of the other part.

The framework agreement was proposed to Parliament by the Cabinet to advance relations between Thailand, EU, and its 27 member states. It aims to foster a closer and more strategic partnership, enhance dialogue, and expand cooperation across various sectors, such as politics, trade, investment, and social issues. 

Among the key benefits of the agreement are its potential to boost trade and investment opportunities between Thailand and the EU, particularly by expediting negotiations for a Thailand-EU Free Trade Agreement, enabling access to best-practice standards, and enhancing competitiveness. 

It also facilitates access to funding and research initiatives in science, technology, and innovation, all of which are essential for the country's economic recovery and development policies.

According to the Ministry of Foreign Affairs, the framework agreement also plays a role in facilitating travel for Thai citizens in supporting consideration for Schengen visa exemptions for Thai holders of ordinary passports. 

In addition, it also enhances Thailand's position on the international stage, contributing to support its bid for membership in the Organization for Economic Cooperation and Development (OECD). The Thai-EU Comprehensive Partnership and Cooperation Agreement also solidifies Thailand's role as a strategic partner of the EU in Southeast Asia.

Thailand and the EU officially signed the Thailand-EU Framework Agreement on Comprehensive Partnership and Cooperation on 14 December 2022 in Brussels, Belgium.