Thailand’s Pursuit of OECD Membership to Accelerate Reforms, Says Foreign Minister.

Bangkok: Thailand's Foreign Minister, Mr. Maris Sengiampong, expressed optimism about the nation's prospects of joining the Organization for Economic Co-operation and Development (OECD), asserting that membership would expedite the country's reform processes. He emphasized the necessity for Thailand to establish standards across all sectors to align with international benchmarks. According to Thai News Agency, Mr. Maris shared that the Thailand Development Research Institute (TDRI) has projected a 1.6% economic growth should Thailand succeed in joining the OECD. This growth is tied to the country's potential to enhance its economic capacity, improve citizens' quality of life, and overcome the middle-income trap. The Minister highlighted the recent visit of Mr. Mathias Cormann, OECD Secretary-General, which reaffirmed Thailand's readiness to embark on this journey. The Secretary-General's visit was aimed at initiating the OECD membership discussion, involving meetings with Prime Minister Ms. Paethongtarn Shi nawatra and other key stakeholders, including the Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB). This engagement marks the beginning of the membership process, showcasing Thailand's commitment to aligning its policies and practices with global standards. Mr. Maris underscored Thailand's intent to play a pivotal role in shaping the discourse for developing countries within the OECD framework. He emphasized the importance of developing nations having a voice in global trade and policy decisions, aligning with Thailand's policy of fostering fairness and transparency in international dealings. The Foreign Minister also addressed concerns about Thailand's simultaneous interest in joining both the OECD and the BRICS group, clarifying that the country's aim is sustainable development rather than political alignment. He reiterated that Thailand's reforms are in motion, and OECD membership would provide a structured pathway to accelerate these changes. Mr. Maris concluded by outlining the Nat ional Economic and Social Development Board's goal of securing OECD membership within five years. He stressed the importance of inter-agency collaboration to achieve this target, highlighting the role of the Ministry of Foreign Affairs in facilitating the necessary preparations to meet international standards swiftly.