Deputy PM Supachai reframes Thailand's trade deficit (USD 35.4 billion in 7M2569) as primarily a capital goods/raw material import issue (72.9% of imports), not consumer goods (9.2%). Key strategy: boost local content, integrate SMEs into supply chains, and shift from "Sell To" to "Sell With" partnerships. Actions include proposing co-creation ventures with China (processed foods, herbal products) and balancing trade with UAE through FTA negotiations—prioritizing shared value creation over simple export-import equilibrium.
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