Thailand-United States discuss trade and investment collaboration and promotion of supply chain resilience
On September 19, Mr Arun Venkataraman, the United States Assistant Secretary of Commerce for Global Markets, paid a courtesy call on H.E. Mr. Thani Thongpakdi, Permanent Secretary for Foreign Affairs of Thailand, during his trade mission to Thailand and the region.
The Permanent Secretary and the U.S. Assistant Secretary of Commerce discussed the long-standing cooperation and trade relations between the two countries, as well as the way forward for cooperation between the Thai Government and the Thai private sector with the United States to advance concrete implementation of the Communique on Strategic Alliance and Partnership and the Memorandum of Understanding on Promoting Supply Chain Resilience. Both sides discussed enhancing trade and investment in health innovation and technologies, drugs and pharmaceuticals, the digital economy, electric vehicles (EVs), and clean energy, as well as cooperation in all dimensions under the Indo-Pacific Economic Framework (IPEF).
The Permanent Secretary reiterated Thailand's readiness to continue working closely with the United States to further collaboration on trade and investment, while enhancing Thailand’s economic capabilities and elevating the Ease of Doing Business (EODB). He also affirmed Thailand’s readiness to work closely with the United States to ensure a seamless transition to its APEC host year in 2023.
On this occasion, the U.S. side expressed interest in expanding cooperation with Thailand, especially in supporting Thailand’s goal of becoming a regional health and medical hub, strengthening regional supply chain resilience, advancing the digital economy and digital transformation, developing clean energy, and promoting the S-Curve Industries.