According to the deputy prime minister, the land may withstand growing pressure to choose between the US and China.
PUBLISHED: 5 Mar 2025 at 19: 43
In light of the rising tensions between the United States and China, Thailand has maintain neutrality and keep up its commitment to a healthy foreign policy, according to Deputy Prime Minister Phumtham Wechayachai.
Mr. Phumtham stated at a ceremony on Tuesday evening to celebrate the 70th anniversary of the Thai Journalists Association ( TJA ) that Thailand, like other countries, faces a number of challenges, including those relating to the economy, security, technology, and the environment.
In light of Donald Trump’s returning to the US administration, Mr. Phumtham, who also serves as defense secretary, stressed the need for the nation to reevaluate its strategy in response to these difficulties.
According to him, the new US administration plans to reshape the world economy, world politics, and regional stability, noting that the Pheu Thai-led government is also working toward a sensible strategy to protect national interests.
Mr. Trump’s profit represents a turning point for the world market, particularly given the strong support for his” America First” coverage, the minister said.
” The US appears to be concentrating more on diplomatic relationships than international ones.”
Import tariffs are being used as a key bargaining tool and for trade restrictions. We might experience more restrictive industry policies, fewer opportunities, and even less political and security cooperation.
Mr. Phumtham predicted that US-China hostilities would probably increase, and Thailand would be under pressure to pick a part.
However, we are a little country that everyone will remember as friends. Our position is that all big powers abide by international law and peacefully resolve disputes, he said.
We had carefully choose our positions to maintain stability and security.
He claimed that Thailand’s strategic area makes it more competitive despite political pressure because it draws foreign investments from businesses looking to travel their supply chains as part of world trade changes.
The lieutenant leading also emphasized that Asean can improve its cooperation in order to reduce its reliance on major powers.
He claimed that having more negotiating power would help stop wars from spreading.
Expanding Asean assistance may grant it stronger negotiating leverage. He said that Thailand only cannot bargain with the main power.
Mr. Phumtham stated that the government is working to transform the market and adapt to changes.
These work, he added, can be seen in the government’s efforts to attract foreign investment and support specific business.