President of the Thai Chamber of Commerce and Board of Trade of Thailand Confident that the new government will surely push GDP growth in 2024 to more than 3%, as well as suggesting urgent issues that the Thai Chamber of Commerce would like to send a signal to the new government to accelerate action immediately in the first 100 days, namely solving people’s stomach problems and others.
Mr. Sanan Angubolkul, Chairman of the Board of the Thai Chamber of Commerce and Board of Trade of Thailand It was revealed after the parliament passed a resolution approving Mr. Srettha Thavisin, a candidate for Prime Minister from Pheu Thai Party. is the 30th Prime Minister, which is a great thing that today the selection of the Prime Minister can be successfully completed. It meets the needs of many parties who want Thailand to have a new government as soon as possible. In order to enter the mode of advancing the economy and solving various problems, after this, it would be in accordance with the political process under the constitution that would require the formation of a new cabinet, which had to follow up on who would be a cabinet member. The private sector hopes that candidates for ministerial positions and positions will consider people with knowledge, ability, expertise and appropriateness in each field.
For urgent issues at the Chamber of Commerce would like to send a signal to the new government to accelerate immediate action during the first 100 days of taking office, namely
1) solving people’s stomach problems through policies to stimulate the economy Policy to reduce the cost of living for the people. And reduce private sector costs, including fuel costs, electricity costs, which are still at a high level and problems affecting competition and Thai exports. Including access to capital sources of entrepreneurs
2) Accelerate the prominence of the tourism sector, which is the main engine of the Thai economy in the last quarter and is considered a high season. Especially facilitating the process of obtaining visas for Chinese tourists quickly. and an increase in flights to accommodate the increasing number of tourists
3) Accelerate disbursement of the pending budget and prepare the 2024 expenditure budget to ensure continuity in driving various plans across the country as well as accelerating investor confidence. To attract new investments from foreign countries, which will help create employment. and is good for future export figures
The Thai Chamber of Commerce has discussed 3 issues with the board and members above. to present the new government to consider taking immediate action Because today we have to admit that the global economic situation is in a continuous downturn. including geopolitical issues (Geopolitics) still violent. If Thailand had a government during this time, it could help bring back the confidence of investors and businesses back to Thailand. At present, the Thai economy is also of concern. Reflected from the NESDB numbers Revealed, Q2/2023 GDP grew only 1.8 (lower than expected 3.0) on average in the first half of the year GDP grew only 2.2, which at present, although the government has taken charge, but the various measures cannot be fully implemented. Causing economic growth to be limited, there is a possibility that the Thai economy will grow beyond the 3.0 target this year.
In addition, the Thai Chamber of Commerce is confident that if the new government comes to manage the country There will be a focus on policies to stimulate the economy seriously and to the point. Including the implementation of 3 urgent issues according to the proposal of the Thai Chamber of Commerce This will help the Thai economy during Q4 of this year to return to outstanding growth. and make the overall picture able to grow beyond the target 3.0%.
Source: Thai News Agency