By The Nation
Prime Minister Prayut Chan-o-cha proposed a three-pronged strategy for regional recovery from the Covid-19 crisis during his teleconference speech at the 36th Asean Summit on Friday (June 26).
The first task, he said, was to accelerate the Master Plan on Asean Connectivity and ensure it is implemented within 2025. He also said Asean should promote the development of green infrastructure as well as remove factors blocking regional businesses and logistics.
The second suggestion was that the grouping sign the Regional Comprehensive Economic Partnership (RCEP) pact within this year, so free trade within the region can help countries recover rapidly. The premier also encouraged Asean countries to consider boosting investment in the digital economy and consider applying Thailand’s so-called “BCG Model” for economic development.
The model, developed by the Higher Education, Science, Research and Innovation Ministry, stands for Bio, Circular and Green economies and has been described as a “three-dimensional model” for economic development.
Prayut’s third suggestion was that Asean countries speed up their preparation for volatility and challenges in the future, as it will help boost their long-term immunity. He also said that Asean’s three community pillars should be strengthened and expanded to also cover health security, food security, human security, and prevention of human-rights abuse and a solution to the problems.
The Asean’s three community pillars are: Political-Security Community, Economic Community and Socio-Cultural Community.