Driving the Asian Economy with Three Pillars: Reducing Costs, Facilitating Convenience, and Creating Opportunities.

Mr. Suchart Chomklin, the Deputy Minister of Commerce, stated at the Asia Economic Forum 2024 the importance of the private sector in driving the trade economy of the Asian region under the Ministry of Commerce's policy of "Proactive Commerce to Enhance Trade Competitiveness." The focus is on promoting sustainable economic growth in the Asian region.

To achieve this goal, the government has established three key pillars for driving the economy:

• Reducing burdens and costs for both producers and consumers: The aim is to lower production and trade costs for Thai entrepreneurs, including taxes, duties, and other business operating expenses, to enhance competitiveness.
• Facilitating trade: Improving systems and business procedures to make them more convenient, faster, and transparent, reducing trade barriers and promoting cross-border trade.
• Creating market opportunities in both offline and online markets: Supporting Thai entrepreneurs in expanding their markets domestically and internationally, particularly in the Asia region, which has high growth potential, while promoting the use of digital technology in business to reach new consumer groups.

Driving the Asian economy with these three pillars will strengthen the Thai economy, enabling Thai entrepreneurs to compete effectively in the global market and lead to sustainable economic growth in the long term. Additionally, it promotes cooperation between the public and private sectors to collaboratively create a better future for Thailand.

For Additional information: Ministry of Commerce