2025-01-10
Thailand is strengthening its trade policy and economic strategy for 2025 with a focus on new free trade agreements (FTA), increased exports and global food security. The Ministry of Commerce has unveiled ten key initiatives to improve Thailand's global competitiveness and attract foreign investment.
Focus on new trade agreements
The Thai government is in the process of completing one free trade agreement (FTA) with the United Arab Emirates (UAE), which aims to increase investment in key sectors such as data center and food safety. Preparations are also underway for one FTA with the European Free Trade Association (EFTA), which is expected to be signed at World Economic Forum in Davos.
Increased exports and food security
Thailand is taking steps to position itself as one reliable global food supplier by improving storage and logistics. An important part of this investment is to liberalize the rice export sector, reduce inventory levels and scrap charges for small exporters to increase competitiveness. An official announcement on these reforms is expected January 17.
Another big bet is Thailand's cassava exports to China. The government has secured agreements to export further 300000 tons of cassava chips, which strengthens Thailand's position as a leading supplier in the global market.
Thai food culture on the global stage
The Thai Select Certification Program will expand to further market Thai food worldwide. This initiative helps Thai restaurants abroad gain greater credibility and ensures that high-quality ingredients and authentic flavors reach international consumers.
Measures against illegal imports and fair competition
To protect local businesses and consumers the Ministry of Commerce takes action against illegal foreign operations and low-quality imported goods. The government also implements support for new small and medium-sized enterprises (SMEs) and strengthens Thailand's brand internationally.
Digital transformation and modernization of trade
A new mobile app for the Ministry of Commerce is under development to improve public access to trade-related services, reflecting Thailand's transition to digital management and trade optimization.
Conclusion
With these strategic investments, Thailand aims to consolidate its role as a global trade hub while supporting local businesses and strengthening economic stability. As trade agreements develop and exports increase, 2025 could be a pivotal year for Thailand's economic growth.
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Source: Ministry of Commerce of Thailand
Text: The editorial staff
Image license: bellergy, Pixabay, original image