Bangkok: The private sector is keeping a close eye on the new Cabinet’s policies, emphasizing the need for the FTI’s “five urgent proposals” to be applied to address both short-term and long-term economic issues. They emphasized that the first four months must yield quick-win results.

According to Thai News Agency, the industrial sector places great importance on this government’s work, as they are at a critical juncture in economic recovery. With global competition in technology, energy, and the environment intensifying, all sectors expect the government to work unifiedly and establish clear and consistent policies to enhance the country’s competitiveness, as stated by Mr. Kriangkrai.

The proposals include preparation for US import tariffs and the trade war, requiring close collaboration among relevant ministries, and promoting financial liquidity and access to funding for SMEs. Restructuring electricity tariffs to reduce costs for businesses is also a priority. The short-term goal is to reduce electricity bills for the public and energy costs for industrial operators, enabling them to compete without shifting the burden to any one party. There is also a need to accelerate the development of a stable and sufficient energy infrastructure to meet future demand, alongside promoting clean energy to support the industrial sector’s global competitiveness and ensure long-term compliance with international environmental measures.

Another focus is addressing the impact of the Thai-Cambodian border trade problem and measures to assist entrepreneurs. This includes accelerating negotiations to find a swift resolution and finding immediate, short-term, and long-term assistance and relief measures for those affected by the border closure. Additionally, efforts will be made to help find alternative freight routes.