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Thursday, May 2, 2024

Thailand advances its bid for OECD membership to boost economy

Picture courtesy of Bangkok Post

Thailand is forging ahead with its application to become a member of the Organisation for Economic Cooperation and Development (OECD), a move that is anticipated to significantly enhance the country’s economic growth.

The Thai Foreign Affairs Minister, Parnpree Bahiddha-Nukara, took a proactive step on Tuesday, April 16, by submitting an official letter of intent to Mathias Cormann, the secretary-general of the OECD, at the organisation’s French headquarters.

In a compelling speech, Minister Parnpree articulated Thailand’s readiness and resolute commitment to fast-track its OECD membership. He highlighted that Thailand aligns with the core values and objectives of the OECD, encompassing democracy, the rule of law, human rights, a free-market economy, sustainability, inclusivity, and a dedicated green transition.

Minister Parnpree brought…

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