Investment, commerce, strong trade ties needed to overcome challenges, says Srettha

SATURDAY, SEPTEMBER 23, 2023
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Prime Minister Srettha Thavisin urged partner countries to forge closer ties “through commerce, investment and trade agreements” in his speech at the UN General Assembly on Friday.

“My government will also be reaching out to friends and partners all over the world to forge closer ties of partnership through commerce, investment and trade agreements,” he said.

Investment, commerce, strong trade ties needed to overcome challenges, says Srettha

Srettha, who also doubles as finance minister, is in New York to attend the 78th session of the United Nations General Assembly (UNGA). “Today, we meet at a time of multiple global challenges, including fragile global peace, declining human development and the sustainability of our planet,” he said.

“These challenges require multilateralism and the spirit of international cooperation, and Thailand intends to work closely with all nations to meet these challenges head-on.”

Investment, commerce, strong trade ties needed to overcome challenges, says Srettha

Referring to Thailand’s sufficiency economy philosophy, Srettha said economy models could be developed to leverage resources to grow without compromising the environment and ecosystems.

“The sufficiency economy philosophy or SEP, our long-standing, locally driven development approach has consistently been applied to promote balance of all respects,” he told the assembly. “Building on the SEP is the bio circular green economy model, which leverages science, technology and innovation to advance economic growth while conserving the environment and ecosystems. These are not merely concepts, but they are being implemented in Thailand."

Investment, commerce, strong trade ties needed to overcome challenges, says Srettha

Srettha also said that as an Asean Coordinator on Sustainable Development Cooperation, Thailand is committed to forging closer ties among Asean countries and beyond to drive forward sustainable development and build resilience.

The PM then told the assembly that Thailand welcomes the Climate Ambition Summit to accelerate climate action that will mitigate the destructive impacts of the ongoing climate crisis. He called on countries to devise the means to adapt and enhance climate resilience to ensure food security for the world.

Investment, commerce, strong trade ties needed to overcome challenges, says Srettha

While in New York for the General Assembly, the premier also spoke with Tesla’s Elon Musk and discussed the electric vehicle industry via video conference.