Bangkok: Pichai discussed with US Congress members, expressing confidence in Thailand’s strong economic fundamentals and readiness to import agricultural and energy products from the US and reduce trade barriers.

According to Thai News Agency, Deputy Prime Minister and Minister of Finance Pichai Chunhavajira chaired a discussion with members of the United States House of Representatives, led by US House Member Beth Van Duyne. The discussion focused on investment opportunities in Thailand and various economic issues. The United States recognized Thailand as a country with substantial investment potential, and the two parties exchanged views on Thailand’s public debt, which stands at 64.2 percent of Gross Domestic Product. Thailand’s public debt structure is primarily domestic, with 99.2 percent as domestic debt and 0.8 percent as external debt, marking a comparatively low level within ASEAN countries.

The issue of trade deficits and reciprocal tariffs was also addressed. The Thai representatives expressed gratitude to the United States for reducing import tariffs on Thai products to 19 percent from a previous 36 percent under the Reciprocal Tariffs agreement. Thailand reaffirmed its intention to comply with the agreement, including increasing imports of agricultural, energy, and military products from the United States. The commitment also includes reducing non-tariff barriers and regulating transshipment tariffs.

The meeting touched on digital media intellectual property infringement, financial fraud, and human rights. Discussions included measures to protect the rights of both Thai and foreign workers and legislative amendments aimed at elevating labor protection standards to meet international criteria.

Furthermore, the situation along the Thai-Cambodian border was discussed. Thailand emphasized its dedication to resolving this situation through peaceful means and negotiations, aiming to prevent any escalation that could negatively impact relations between the two countries.