The 10th round of Thai-EU FTA talks (28 Sep-6 Oct, Phuket) finished the text chapters on SPS, initial provisions, energy and raw materials, and rules of origin. Goods, services, investment and government procurement remain open, and both sides still target conclusion within 2026. EU is Thailand's 4th-largest trading partner (2025 trade about US$45 billion). For most SMEs this is not a change yet; watch for tariff and rules-of-origin details if you export to or import from the EU, especially in computers, jewellery, air-conditioning, rubber and electrical transformers.