Ministry of Commerce Introduces 10 Policies to Stimulate Economic Growth

BANGKOK (NBT WORLD) – Thailand’s Ministry of Commerce is accelerating key economic policies to enhance trade, investment, and economic stability. The focus is on ten targeted initiatives, including the advancement of free trade agreements (FTAs), boosting exports, and improving the global competitiveness of Thai products.
Commerce Minister Pichai Naripthaphan held a meeting with senior officials to outline these priorities. Among the top agenda items is the finalization of the Thailand-United Arab Emirates FTA to attract investments in sectors such as data centers and food security. Preparations are also underway for signing an FTA with the European Free Trade Association at the World Economic Forum in Davos.
The ministry is addressing global food security by developing advanced food storage solutions and positioning Thailand as a reliable supplier. Efforts to liberalize the rice export sector include reducing stockpiles and waiving fees for small exporters to enhance competitiveness, with an announcement expected on January 17th.
To stabilize cassava prices, the ministry is increasing exports to China, securing agreements for an additional 300,000 tons of cassava chips. The Thai SELECT certification program will also be expanded to elevate the global reputation of Thai cuisine.
Additional initiatives focus on combating illegal foreign businesses, addressing low-quality imports, and protecting local entrepreneurs and consumers. Digital governance improvements are underway, including the development of a Ministry of Commerce app to provide public access to various services.
The ministry is also promoting the Thailand brand by supporting new SMEs and enhancing the image of Thai products locally and within ASEAN. Minister Pichai has planned visits to various departments to ensure effective policy implementation and boost morale among ministry staff.



Source: NNT