BANGKOK, Thailand – The Chairman of the Thai Chamber of Commerce has stated that the new Minister of Commerce must accelerate export policies to address systemic economic risks.
Poj Aramwattananont, Chairman of the Thai Chamber of Commerce and Board of Trade of Thailand, revealed that the Thai economy is currently vulnerable due to several factors. These include slowing exports, uncertain trade relations with the United States, and tensions along the Thai-Cambodian border. He said the new Minister of Commerce, Jatuporn Buruspat, must therefore drive domestic and export trade policies with serious and continuous effort.
Regarding trade issues with the United States, Deputy Prime Minister and Minister of Finance Pichai Chunhavajira is set to travel for negotiations. Chairman Poj said the private sector is hopeful for a swift and suitable resolution. He warned that a failure to resolve these problems would lead to a more severe impact on exports.
At the same time, issues with cross-border trade between Thailand and Cambodia must be urgently resolved to resume normal commerce. The TCC Chairman stressed this must be done while protecting Thailand’s sovereignty and economic security in the border region, without accepting any disadvantage in negotiations.
He emphasized that exports must be fully promoted to stimulate economic circulation, capital inflow, employment, and investor confidence. He noted that all actions must remain within the framework of the law.
The Chairman concluded that the strength of the new cabinet is vital for restoring confidence in the Thai economy and society, which currently faces numerous risks. (NNT)
