PUBLISHED: 25 May 2024 at 09: 23
In a statement he delivered yesterday in Tokyo, Japan, Prime Minister Srettha Thavisin urged Eastern countries to be adaptable and to work together.
According to assistant government spokesman Radklao Inthawong Suwankiri, Mr. Srettha told attendees at the 29th Nikkei Forum Future of Asia that it is crucial that Asian countries work closely together in what he called the” Asian Century.”
According to Mr. Radklao, the prime minister’s presentation talk,” Eastern Management in an Uncertain World,” emphasized the importance of resilience within Asia.
The spokesperson shared that Mr. Srettha claimed that cooperation is necessary in the” Asian Century” because Asia is a hub for economic growth and has a population of more than 4.78 billion.
The primary minister mentioned three issues that require Asia’s social attention, the first being trade and investment, because economic growth is the base of stability and peace.
Mr. Srettha claimed that Asia has been adversely impacted by the globalization of political issues for the past ten years. With the WTO at its base, Asia may continue to provide its assistance to the international trading system in the near future.
He said Asia may continue to deliver a gratis, open, honest, non- unfair, open, and diverse trade and investment culture, such as Asean 1 Free Trade Agreements with partners including Japan. According to Mr. Srettha, the top priority should be the FTA conversations.
The green change, which requires a coordinated effort on all sides, was the next topic that Mr. Srettha brought up. Within the next few years, Thailand’s state will have the first-ever Climate Change Act.
Additionally, the kingdom wants to establish a comprehensive supply chain for electric vehicles ( EV ). He said the initial objective is to reduce the production of zero-emission electric vehicles to 30 % by 2030. In this transition period, however, the government will continue to support Chinese manufacturers of internal combustion engines.
The prime minister also mentioned Asean’s collective efforts to create the” Asean Power Grid,” which will help the area apply more renewable energy. Thailand’s own initiative to reduce its use of clean and renewable energy in power production to at least 50 % by 2040, he said.
Third is digitalisation, with Mr Srettha saying he wants to make not only a modern economy but a completely- fledged modern society. Asean is currently negotiating the Digital Economy Framework Agreement, and once completed, it will become the world’s first regional agreement. It is projected to double the value of the region’s digital economy to US$ 2 trillion ( 73 trillion baht ) by 2030.
He said that each Asian nation has a role to play in this, and that these three things will bring Asia closer together. He argued that Asia must maintain a collective leadership to re-enter growth and re-establish trust in the global system.