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Thailand Sets Strategies in Its Blueprint in Preparation for AEC

March 15, 2014 Destination Thailand No Comments Email Email

With the coming of the ASEAN Economic Community (AEC), the Ministry of Commerce has set strategies in Thailand’s blueprint for relevant agencies to use as guidelines for the implementation of AEC.
It will work with the private sector in the form of public-private partnerships. A clear action plan will also be worked out for all provinces in Thailand and overseas offices, which would enable them to operate in the same direction.

According to the Permanent Secretary for Commerce, Mrs. Srirat Rastapana, the blueprint consists of eight strategies. In the first strategy, Thailand will move actively toward trade negotiations in ASEAN and other international forums, such as the World Trade Organization and the Asia-Pacific Economic Cooperation. Bilateral talks under joint trade committees will also be emphasized for the benefit of SMEs and economic development as a whole.

The second strategy seeks to develop the body of knowledge about AEC. In this regard, an AEC Learning Center will be set up at the Ministry of Commerce, and training and seminars will be organized to develop personnel in both the public and private sectors on a continual basis.

The third strategy seeks to develop the “single gateway” for trade services by the Ministry of Commerce and to provide counseling services through the 87 ASEAN Business Support Centers within the Ministry of Commerce in Bangkok, provincial commerce offices, and Thai Trade Centers in ASEAN and southern China.

In the fourth strategy, Thailand’s trade competitiveness will be enhanced, with an emphasis on the development of trade infrastructure, e-commerce, and logistics supply chains.

In the fifth strategy, various provinces in Thailand will be given support for moving toward becoming AEC cities, so that they will have greater trade and investment opportunities. For instance, Chiang Rai in the North, Khon Kaen in the Northeast, and Songkhla in the South will be developed as AEC cities between 2014 and 2015. Moreover, the Ministry of Commerce is attaching greater importance to boosting border trade with neighboring countries.

The sixth strategy seeks to increase Thailand’s market share in AEC by encouraging the private sector to pay greater attention to ASEAN markets and to realize that Thailand will become part of the ASEAN single market.

The seventh strategy seeks to improve economic and trade laws to become more updated, in line with commitments under AEC.

In the eighth strategy, the Ministry of Commerce’s Prince Chandaburi Narunath Institute will be upgraded to international standards in order to enhance its capacity for human resource development. Training courses for entrepreneurs will be further developed, so that they will cover all target groups, such as the Young AEC, OTOP Traders, and professional business people projects.

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