Bangkok: “Pansak” reveals that Thailand is about to change the game, talks with the United States are not just about negotiating taxes, but creating a new economic future. Mr. Pansak Vinyarat, Chairman of the Policy Advisory Board to the Prime Minister, elaborated on the Thai government’s readiness for trade negotiations with the United States, emphasizing a cooperative approach that transcends mere tariff discussions.
According to Thai News Agency, Mr. Pansak highlighted the importance of understanding the United States’ challenges and maintaining a longstanding partnership to address trade issues initiated by US President Donald Trump’s global tariff announcements. He stressed that Thailand’s objective is to foster peaceful relations and mutual benefit rather than choosing sides in global politics.
Mr. Pansak expressed empathy towards President Trump, acknowledging the complexities faced by the US government. He emphasized Thailand’s commitment to engaging in friendly negotiations, free from accusations, and noted the positive response from the US to the Thai Prime Minister’s diplomatic overtures.
The Thai government is prepared to address trade challenges, having anticipated potential outcomes of the US election. Mr. Pansak underscored the significance of the processed food industry in Thailand, which continues to grow due to its capability to export food products. He highlighted that a significant portion of Thai food ingredients are imported, setting the stage for collaboration with the US in producing and exporting processed foods worldwide.
Mr. Pansak pointed out the unique opportunity for Thailand to become a strategic partner with the US in the food industry. He mentioned the potential for exporting high-quality, organic processed food and emphasized the importance of sourcing premium raw materials from the US to enhance Thailand’s export value.
He also discussed the broader economic relationship between Thailand and the US, suggesting that Thailand could serve as a hub for high-quality products, leveraging its tourist influx. The idea is to make Bangkok a center for quality products and souvenirs, catering to international tourists without them needing to travel to the US.
Addressing the issue of trade impersonation, Mr. Pansak shared that the Thai government is committed to enforcing laws against such practices, ensuring fair business operations for all foreign companies in Thailand. He also discussed the need to reassess import taxes on certain US products to benefit both nations economically.
Mr. Pansak expressed concern over the rigid economic philosophy in the US, which he believes affects both international relations and the global economy. He reiterated Thailand’s role in promoting peace and shared prosperity, engaging with both the US and China constructively.
When questioned about the US-Thailand trade deficit, Mr. Pansak was optimistic that it would decrease as trade relations improve, benefiting both countries economically. He concluded by affirming Thailand’s commitment to nurturing global peace and prosperity through strategic economic partnerships.