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Business Leaders Offer Economic Proposals to new Prime Minister
The Chairman of the Thai Chamber of Commerce emphasized the urgent need to build confidence, enhance the competitiveness of small and medium-sized enterprises, and develop a national strategy for sustainable growth.
These proposals aim to achieve an average GDP growth rate of 3-5% per year. The meeting also involved key government officials, showing readiness to collaborate for the implementation of these economic proposals.
Key Takeways
- Delegations from the Thai Chamber of Commerce and the Board of Trade met with Prime Minister Paetongtarn Shinawatra on August 23 to discuss enhancing Thailand’s economic stability through public-private sector cooperation. Key issues included building confidence in the economy and addressing economic challenges.
- The business associations presented three urgent proposals aimed at boosting confidence, improving SME competitiveness, and developing a national strategy for sustainable growth. Measures such as debt reduction, managing informal debt, a debt resolution fund, addressing anti-dumping, and promoting human resource development were highlighted.
- The Chamber emphasized transitioning to a green economy and projected 3-5% annual GDP growth. Commitment to collaboration with the government was expressed. The meeting included caretaker Finance Minister Pichai Chunhavajira, Deputy Finance Ministers, and the Prime Minister’s secretary-general.
The business associations presented three urgent proposals aimed at boosting domestic and international confidence, improving the competitiveness of small and medium-sized enterprises (SMEs), and developing a national strategy for sustainable growth. The proposals also included measures such as debt reduction, managing informal debt, establishing a debt resolution fund, addressing anti-dumping issues, and promoting human resource development and soft power.
The Chamber of Commerce emphasized the need to transition to a green economy, noting that these proposals could help the country achieve GDP growth of 3-5% annually. The Chamber and its nationwide networks expressed their commitment to working closely with the government to implement these economic strategies effectively.
The meeting was also attended by Caretaker Finance Minister Pichai Chunhavajira, Deputy Finance Ministers Julapun Amornvivat and Phaophum Rojanasakul, and Dr. Prommin Lertsuridej, secretary-general to the Prime Minister.
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