Thailand Underlines Its Openness and Readiness for New Opportunities

Prime Minister and Minister of Finance Srettha Thavisin underscored Thailand’s openness and readiness for new growth and opportunities, during his participation in the World Economic Forum Annual Meeting 2024 in Davos, Switzerland, scheduled for 15 to 19 January 2024.

At the forum, the Prime Minister, together with Deputy Prime Minister and Minister of Foreign Affairs Parnpree Bahiddha-Nukara and Minister of Transport Suriya Jungrungreangkit, attended the Country Strategy Dialogue on Thailand, which was specifically organized on 17 January to give the Thai Prime Minister an opportunity to meet world business leaders from various industries.

In this dialogue, Prime Minister Srettha discussed Thailand’s major policies on international trade and investment, particularly (1) accelerating free trade agreement (FTA) negotiations, such as Thailand – EU FTA, (2) the “Landbridge” project to make Thailand a regional hub for commerce and logistics, (3) sustainable industries, such as electric vehicles, green finance, and the Bio-Circular-Green (BCG) economy, and (4) the digital economy, including ways to adapt artificial intelligence (AI) and blockchain technologies to improve and digitize government services for the digital era. 

Speaking on 18 January, the Prime Minister expressed his satisfaction with Thailand’s successful participation in the World Economic Forum, where he sent a message to the world that Thailand has come back on track and that it is now open for more international trade negotiations and foreign investment.

He also met and discussed issues with leaders of various countries, namely the Swiss President, the Prime Minister of Belgium, the Prime Minister of Cambodia, and the Prime Minister of Vietnam, and top executives of the world’s leading firms, such as Coca-Cola, Dubai World, Adani Group, Robert Bosch, and Google.

The Prime Minister was confident that Thailand's participation in the World Economic Forum would greatly benefit the Thai people.

Meanwhile, Deputy Prime Minister and Minister of Foreign Affairs Parnpree Bahiddha-Nukara attended a Roundtable on Trade, Climate, and Finance on the sidelines of the World Economic Forum on 17 January. At this roundtable, he shared Thailand’s policy priorities, namely (1) mobilizing finance from all sources to realize climate targets, including the source from the Green Climate Fund through the Green Bond Market, (2) placing climate agenda at the center of cooperation in prominent international fora, given an example of APEC’s Bangkok Goals on the BCG Economy, and (3) eliminating trade restrictions and supporting the multilateral system with the World Trade Organization (WTO) at its core.

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