Sustainability, Technology, and Trade: Thailand’s Path to Growth and Innovation

2023-11-16 01:15:00

Sustainability Thailand has the Bangkok Goals on BCG Economy, which all APEC leaders adopted last year. This year, the United States, as APEC host, has continued, making achieving the Bangkok goals successful. success and is of utmost importance In particular, the launch of the BCG Pledge by ABAC, which urges all companies to sign and participate. We are also pleased to know that NCAPEC (National Center for APEC) has organized the Sustainable Future Forum for the first time. and hopes for even stronger progress in the future.

Thailand is proud of its continuous efforts towards sustainability. As of 2023, Thailand is ranked 43rd on the SDG Index, number one in Southeast Asia. Therefore, we are committed to building on this by developing the green economy and advancing the energy transition even further. At the same time, it will redouble its efforts to achieve carbon neutrality by 2050 and reach net zero carbon emissions by 2065.

For this reason, Thailand actively promotes green finance. through the issuance of bonds Sustainability Bonds (Sustainability -Linked Bonds) to stimulate the growth of the green bond market. At the same time, it also supports the development of the electric vehicle industry. The goal is to create a comprehensive EV supply chain that includes all types of electric vehicles. all parts and components. In addition, the ecosystem will be improved to support and facilitate such businesses, such as granting investment privileges in special economic zones. Creation of a battery testing center Workforce development course and expansion of charging station infrastructure, etc.

Technology and innovation The emergence of technologies such as generative AI, Blockchain and the Internet of Things (IoT) are changing the business landscape. Production process and daily life which these advances Bringing new opportunities for growth Close cooperation and exchange of knowledge and related technologies are very important. so that every economic zone especially developing countries Can access opportunities and reap the benefits equally. At the same time, we must invest and improve the education system to equip citizens with the skills needed to thrive in the rapidly evolving digital age. and deepen collaboration in applied science and leading-edge research to pave the way for future advancements.

The Thai government is planning to use blockchain technology to implement a digital wallet project. This will not only stimulate our domestic economy. But it will also raise digital awareness and skills. In the long term, the government is committed to the transition to digital government. Promote collaboration Increase the efficiency and effectiveness of the country’s public services. We are also ready to welcome investment and skilled workers to support the digital industry.

Trade and investment APEC plays an important role in expanding trade and investment within the region. This will help improve the livelihoods of millions of people. The numbers reflect the results throughout the years. Trade across APEC has nearly quadrupled in two decades, from US$7.5 trillion in 2001 to more than US$27 trillion in 2021, with the Asia-Pacific Free Trade Area (APAC) FTAAP) remains an important aspiration. and will continuously work to achieve the goal as well as accelerating bilateral and other regional trade architectures to build new alliances. and Thailand will upgrade the FTA level to respond to new challenges that are emerging. To strengthen the link between the shared economy At the same time, it has opened up new trade and investment opportunities for our partners.

Thailand recognizes the need to keep supply chains open and flexible to changes that may occur in the future. with a focus on improving physical connectivity and investing in infrastructure. This includes the development of several airports throughout our economic zone. It will take full advantage of its geographic location in the region. And a large-scale project is underway to develop a cross-sea bridge to connect the Andaman Sea to the Gulf of Thailand (Landbridge), which will reduce travel times between the Indian Ocean and the Pacific Ocean to make Thailand a regional trade and logistics hub. Within this decade

At the end, the Prime Minister said: The government places great emphasis on meeting with business partners during foreign visits. It will lead a team of business leaders from Thailand to create additional networking and business matching in San Francisco. We are pleased to work together and create meaningful progress for people today and for generations to come, emphasizing that “It is time to invest more in Thailand.” Thailand is ready to move forward quickly and will continue to expand cooperation.

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