Trade rep chief touts future-ready sectors

Human capital seen as key in new era

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Amid rising geopolitical tensions and economic fragmentation, Thailand must adapt with agility, deepen international cooperation and invest in future-ready sectors and people.

More recently, Thailand and other countries have experienced trade wars, geopolitical fragmentation, supply chain decoupling and a worsening climate crisis, all of which have shaped and impacted markets.

"Today, there is a loss of predictability, trust, and economic clarity. Uncertainty has become the new normal," said Nalinee Taveesin, president of Thailand Trade Representatives.

ADAPTING TRADE POLICIES

Mrs Nalinee said Indo-Pacific has become the epicentre of the intensified US-China rivalry, reflecting the region's central role in global supply chains and economic interdependence.

To remain competitive in this environment, Thailand is adjusting its trade strategy to both shield itself from external disruptions and seize new market opportunities.

She said Thailand remains firmly committed to the multilateral trading system. But officials are also actively pursuing free trade agreements with the European Union (EU), the United Kingdom and South Korea, while deepening regional integration through Asean, the Regional Comprehensive Economic Partnership and bilateral deals with countries like Bhutan and Sri Lanka.

"Advancing trade connectivity in all dimensions, promoting high-quality investment and diversifying markets are crucial to insulating the Thai economy from effects of tariff wars between major powers," said Mrs Nalinee.