Private sector recommends more transparent economy

The private sector is calling for a zero corruption policy, regulatory reform and structural modernisation to drive national competitiveness.

- BOONSONG LIPIMAS

The private sector is calling for a zero corruption policy, regulatory reform and structural modernisation to drive national competitiveness.

During a panel discussion at the Economic Reporters Association's annual seminar, Poj Aramwattananont, chairman of the Thai Chamber of Commerce, urged all political parties to commit to a zero corruption policy, which should gain strong public support and serve as a foundation for sustainable economic reform.

He also emphasised the need to remove outdated regulations, unlock consumer purchasing power, and empower the small and medium-sized enterprise (SME), trade and farming sectors, while promoting transparency and trust in the economic system.

"We must create a transparent economy that works for everyone," said Mr Poj.

He reaffirmed his commitment to accelerating free trade agreements in order to strengthen Thailand's export competitiveness.

The private sector's plan to revitalise the economy is built on four pillars.