In a robust move towards international economic integration, Thailand’s Foreign Minister Maris Sangiampongsa recently announced an exciting milestone on the country’s journey to join the prestigious Organisation for Economic Co-operation and Development (OECD). This December, Thailand is poised to submit its Initial Memorandum, a crucial step on the path to membership that started with an invitation extended to the Southeast Asian nation back in June 2024. The roadmap is set with eyes on full accession by 2030, reflecting Thailand’s strategic ambition to align more deeply with global economic standards.
Taking a front-row seat on the world stage, Mr. Maris represented Thailand at the OECD Ministerial Council Meeting (MCM) in Paris, marking the country’s debut as an OECD Accession Country. The 2025 MCM unfolded under the banner “Leading the way toward resilient, inclusive, and sustainable prosperity through rules-based trade, investment, and innovation,” with the spirited Costa Rica steering the discussions as chair.
The event was a melting pot of global minds with ministers and high-level representatives from over 55 countries and various international organizations converging to tackle vital questions on international trade policy, sustainable development, the digital economy, and the future of artificial intelligence governance. Notably, one of the core dialogues was the expansion of OECD membership, echoing the aspirations of nations like Thailand.
Amidst these high-stakes conversations, Mr. Maris adeptly highlighted a vision for Thailand’s economic future: one driven by high-quality investments. “To foster growth, we are rolling out targeted, merit-based incentives designed to attract investment that champions green and innovative growth,” Mr. Maris stated enthusiastically. His remarks pointedly addressed the significance of bolstering Thailand’s Micro, Small, and Medium Enterprises (MSMEs), which impressively make up over 35% of the country’s GDP. By streamlining regulations, Thailand aims to ensure MSMEs are well-poised to scale regional and global value chains.
An essential part of this comprehensive plan involves engaging in constructive dialogues with the European Union, especially regarding policies like the Carbon Border Adjustment Mechanism (CBAM) and the EU Deforestation Regulation (EUDR). Mr. Maris proudly noted that Thailand is classified as a “low-risk” country under these frameworks. This status not only benefits farmers and the environment but also strengthens resilient and sustainable global supply chains.
Mr. Maris underscored the significance of adhering to the OECD Declaration on International Investment and Multinational Enterprises, committing to embedding responsible business conduct at the heart of Thailand’s economic policies. “It is our goal to integrate responsible practices, ensuring that our path towards prosperity is sustainable for generations to come,” he affirmed.
As Thailand steps up its efforts to join the OECD’s cohesive community, it eagerly embraces the opportunity to learn from, and contribute to, global economic dialogues that aim to create a more equitable and flourishing future for all. This bold initiative not only underscores Thailand’s readiness to play a proactive role on the global economic stage but also its commitment to nurturing an economy that’s as inclusive and forward-thinking as it is sustainable.
This is a huge step for Thailand! Joining the OECD will solidify its place in the global economy.
While that may be true, isn’t the OECD just another club of the rich countries?
Not necessarily. It’s more about setting high standards and best practices for economies.
Indeed, it could be a chance for Thailand to improve its internal systems.
I hope Thailand’s push for greener growth is genuine. The world can’t wait for them to catch up environmentally.
The focus on Micro, Small, and Medium Enterprises in Thailand is fascinating. Economies thrive when small businesses do well.
It’s true, but sometimes these big economic goals overlook local issues.
Thrilled to see Thailand emphasizes green growth! But I wonder how effective their incentives truly are?
I share your concerns. The incentives need to be potent enough to bring real change.
Exactly, otherwise it’s all just talk without action.
Finally, Thailand joining OECD makes sense. It’s been a rising star in trade for years.
True, but don’t you think cultural clashes might pose a challenge?
Cultural diversity can be a strength if managed well. Look at Singapore.
Good point. It’s about balancing tradition and progress.
I think this whole OECD thing is just a PR stunt. Let’s see how it pans out by 2030.
Maris seems like a forward thinker. His focus on sustainable practices is exactly what Thailand needs!
I agree, but Thailand’s past policies haven’t always been sustainable.
Their interest in AI governance is intriguing. Could Thailand become a tech hub in Asia?
It’s possible, but they will face stiff competition from places like South Korea and Japan.
I remember when Thailand wasn’t even considered a major player. Funny how times change.
Every country has its moment. Maybe this is Thailand’s!
Perhaps. I’m rooting for them, but staying realistic.
I’m genuinely proud to see a nation from Southeast Asia rising to such prominence. It’s about time!
Thailand’s strategic plans will attract more investors for sure. Green growth equals good profits.
I hope these plans consider ecological balance and not just profits.
Will joining the OECD change much about Thailand’s internal policies, or just the external ones?
Both, ideally. Adhering to OECD standards requires some internal reshuffling.