The buzz in San Francisco, California, was palpable as the city played host to the APEC Economic Leaders’ Week event, an illustrious congregation of business gurus and political rainmakers from the respective Asia-Pacific Economic Cooperation (APEC) members. Among the game changers gracing the event was Thailand’s very own, Srettha.
The business rollercoaster ride of the event was punctuated with various sessions. A session winning considerable attention was orchestrated on a beautiful Friday and saw involvement from an impressive cross-section of the business world. This included representatives from the US National Centre for APEC, the US Chamber of Commerce and the US-ASEAN Business Council.
During that significant session, the Thai Prime Minister concisely encapsulated the government’s eagerness to foster trading and investment relationships. The highlight of his address was the emphasis on the “quick win” policy. This potent strategy is the heart of the nation’s plan to turbocharge economic growth; it intends to do this by implementing the dynamic triad of stimulating domestic consumption, slashing living costs, and bolstering investment and business expansion.
Srettha was not just there to advocate for the progressive policies of his country, but also to lay out Thailand’s ambition. He expressed a grand vision of transforming Thailand into a regional powerhouse for commerce and logistics. He painted a vivid picture, weaving in the heavy prioritization of mega-projects as the canvas to their economic masterpiece. These ambitious ventures aim to solidify the infrastructure and fortify the supply chain and logistics in the Asia-Pacific area.
One such remarkable mega-project is the innovative concept of a land bridge. This colossal structure is intended to bridge the coast of the Andaman Sea and the Gulf of Thailand together. Its strategic geographical stance would facilitate an unprecedented shortcut between the Indian and Pacific oceans, thereby dramatically improving the efficacy of global shipments. Furthermore, this plan would help alleviate the pressure on the notoriously congested Straits of Malacca.
Sretha’s passion for growth and development radiated as he heartily invited investments from the US business coalition in these mega-projects. He expressed hope to fortify bilateral cooperation in mutually beneficial regions like supply chain expansion, transitioning to green energy, and embarking on the path of digital transformation.
“Thailand is primed and ready to be a trustworthy cohort in APEC’s supply chain. We are pledged to propel key sectors for shared prosperity, which include semiconductors, electric vehicles, digital infrastructure, and clean energy,” he emphatically asserted.
The Prime Minister reassured that the Thai government would be all ears to ideas from the US private sector regarding grease mechanisms to further polish cooperation and stimulate increased US investment in Thailand.